#Silver is on the rampage! After four years of going sideways, something had to give. The demand story is all about the rise of solar, which now accounts for 232 Moz of demand annually, or about 20% of the market. This seems unlikely to abate any time soon, and supply is flatlining. With the market in deficit for three years, it's a compelling but overlooked thematic. I buy my kids silver every Christmas (as well as a 'normal' present!) with the idea of demonstrating how tangible assets can appreciate... it's been a long wait, but looks like it's time to let them know! If you want to go deep on the topic - the Silver Institute's 2024 Annual Survey is just out now: https://lnkd.in/esMEwdVS
