alt Hacker NewsSilver has plenty of industrial uses. Very little has changed in industry to cause demand or supply shifts to match the massive price swings. Thus a lot of this is probably meme investors gambling
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xingped • yesterday at 10:34 PM
China decided to subject silver to export controls similar to rare earth metals. That's one of the big reasons for the silver growth.
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Fun fact about silver, besides its heavy industrial footprint, which you mentioned: the supply is dominated by Mexico. There have been some, uh, erratic words about Mexico from the people in the position to affect trade policy and foreign policy.