Current industrial use of silver in solar panels, EVs, cell phones, ect is 680-760 million oz per year. The entire investment community holds around 3000 million oz, so around 4 years of use. But we also mine silver, we mine enough but there are only roughly 26 years left of silver reserves left in the ground. Global mine production fell short the last 5 years in a row because there are other uses of silver. Silver prices are primarily driven by robust industrial demand, which outpaces limited supply, with investment speculation amplifying but not leading the trend. Investors chase industrial-driven scarcity. Speculation follows these fundamentals, not the reverse. We are not choosing to believe what silver is worth, it's supply and demand.

There is an artificial fiat price on currency including silver but because silver is not just a fiat currency but also a commodity currency you also have to look at the commodity pricing angle and with this industrial use there is demand.