A real silver supply crunch is on the cards in 2021, and it frustrates the full throttle political support for solar energy investments under a Biden presidency, the European Green Deal, and China’s 2060 carbon neutral goal, among other initiatives.
Another challenge on the supply side for silver is that more than half of mined silver supply is a by-product of zinc, lead and copper mining, making it tough for miners to meet the surging excess proportional demand for silver.
Trade:long silver as the price races to an all-time high of US$50/oz, possibly overshoot to $60/oz in 2021.
IVR Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
