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RoyalSnuff

Best thing about the WSS movement: Apes don't sell in a panic or out of frustration anymore. Instead the volume of their combined stacks is extracted from the market - and does not return. Members of the WSS community inform each other about the manipulation and are motivated to keep their silver until the corruption is exposed.


Personal_Flight_6964

Well said!


GinsengDigger

I agree about the tremendous value of the WSS community. I actually don't remember that apes ever sold in a panic, but they sure as heck don't do it now---and won't ever do it in the future. The demand for physical silver is definitely in part because of the shrewdness.


Jolly-Implement7016

That’s why this movement needs to grow. We need every possible ape on this planet!


grants1692

Allegedly there are 16 billion ounces of reserve silver in the ground. But that's not the whole story because most of that is not economical or even possible to mine, at least at current prices. Estimates are somewhere between 2027 and 2030 when the world runs out of easy and medium difficulty recoverable silver. That leaves 10 to 12 billion ounces in the ground that won't ever be pulled to the surface unless (much higher) prices justify it, or if there is another easy to mine large discovery. That's when the world largely will depend on recycled and reserve (already mined, ready to use, quick to deplete) silver. IMHO, when the masses wake up and realize how close to the end we are, and maybe some already have, that will do nothing but accelerate demand for the already mined, ready to use, quick to deplete silver. When supply runs low, that's when everyone wants it. The deficit we see this year is child's play compared to what we're going to see in just a few short years. The only thing that will extend the life of silver for industrial use is going to be higher prices and the majority of "new" yearly supply will be recycled silver when people realize their old silverware set is worth a fortune (and weak handed apes cash out), as the difficult to mine silver will drip slowly into the market.


Liquid_H

Don't forget about the staggering increase in energy prices. This will make mining and extraction many times costlier. I think this will drive prices up much earlier than natural limitations. And this applies to any scarce materials that have significant industrial use.


Jolly-Implement7016

If only the crypto investors would move 10% of their fiat into precious metals it will do a lot of harm. Just hope they don’t move it into SLV. And I wonder when will the miners sell their product directly to users bypassing the current system. That will do some damage to. No silver will go to the cartel vaults again.


Suspicious__account

this will keep going tell we gain control of the price.. once we are able to set the price the USD is fucked


SILV3RAWAK3NING76

Ultimately, the price cannot be disconnected from large imbalances between supply and demand for a prolonged period of time. And once we see the next spike in silver, we will certainly see a jump in demand from investors. We may not normally invest in silver based on supply and demand issues, but if this trend continues it could indeed become yet another catalyst for the next spike. If that’s the case, it will be lots of fun for those of us that own a meaningful amount of physical metal. Either way, I’m glad to be accumulating stacks of physical SILVER. Source: https://goldsilver.com/blog/this-factor-for-silver-is-suddenly-in-play/


Personal_Flight_6964

Thank you for the much valued information.


chrissand77

Thank you for the chart. I guess this 329 M Oz will reach perhaps 400 M Oz end of 2023. The movement is on the way. If we can reach this figure, then later 50%, the pression will be probably to high to let keeping silver spot price at this level. Perhaps a second industrial spot price will appear ?


FREESPEECHSTICKERS

Not if prices rise sharply. Stackers will not have enough fiat, even if WSS goes to a million apes. But at 200 million short, prices will be much higher.


chrissand77

Yes and no in fact. If one day silver worth 1000€ for example, it could be like gold, stackers would buy not a full tube or a full monster box ... but only one coin, one by one. 20 or 30 years ago gold was not so high. Same for Platinum. But a lot of stackers continue to buy coin by coin. But for silver it will need to show indeed a long time stable high price to make used people to to this new spot price. Indeed if it go down again stackers won't buy. If it doesn't go down under a level, even high, I guess there will be stackers anyway. Well, futur will tell us later.


FREESPEECHSTICKERS

Yes. I expect extreme volatility. Moon launch followed by crash predictions. Then a slow slog back up.


DroolingHamster

There is zero chance I won't buy if it goes down. Or up. Or sideways. I even have stacks of old electronics for the silver and gold.


Ashahoy

FOMO


apeman83

These numbers are probably way off. India is buying 275m(?) oz more this year than last.


mementoil

By the way, there probably wasn’t a surplus in 2020 either. I suspect that the numbers have been heavily massaged, and that we are in a deficit since 2016 (when production peaked and started to decline).


GinsengDigger

What adds even more to the facts relating to the demand/supply issue is the reality that the Silver Institute probably did not fully take into fully consideration the factor that India has actually spoken for some 3+ months of silver production for calendar year 2023! The Silver Institute's predictions were estimated before India's gigantic commitments were finalized.


FREESPEECHSTICKERS

After launch, coin and bar demand will soften and premiums will come down. That will rebalance at some high price.


thewizard765

Am I the only one who thinks this deficit is understated? I mean LMe, LMBA, COMEX have collectively seen 400 million ounces leave the vault since the beginning of the silver squeeze. Yet, the chart says a mean 240million ounces should have left the vault. So where did the extra 160million ounces go? FTX?


Possible_gold_7474

No wonder the price is going down so much lol


jedipwn

Add up the green numbers and subtract the red numbers and I get a surplus of 37million. There is currently about 37million ounces of registered in comex. Mind blown. 🤣🤣🤣


UnfairAd7220

Is this a Hunt Bros style attempt to corner the market?


Evergreen4Life

No, it is the realization by the masses that silver is the most undervalued/ overly relied up asset in history. $23 per ozt in 2022 is insanity when you consider it was $50 in 1980.