Gold & Silver Education Center

What is real Silver Demand? If you are just now starting to look into precious metals and silver in particular, one of the first things you will want to know about is the demand for silver. As with anything, we all know that when the demand for any given item exceeds its available supply, it puts upward pressure on the price. But long time silver observers have been frustrated time and time again as it sometimes seems like silver is the biggest exception to this fundamental economic principle. The last few weeks are just another example. Reports come in from seemingly everywhere that demand for silver is through the roof. Dealers report difficulty maintaining inventory to sell. People on the Reddit Wall Street Silver forum daily report huge silver buying complete with photos and videos to document the purchases. All this and yet the silver price reported daily has not moved significantly higher after one short term pop up in February. What causes this phenomenon? I think the key is ...

For anyone new to the silver market, it may seem that an obvious question to ask is - How Much Silver Does the World Have? It is a good question, and actually you don't see it discussed very much, even though it is clearly an important piece of information to know if you are thinking of investing in silver. The answer is a bit complicated, but it is possible to get some idea. Let's use the USGS (US Geological Survey) as our information source for this topic. While all estimates are subject to revision over time as more information is obtained, we have to start somewhere. The USGS data on world silver reserves is as good a source as any. It's their job to try and estimate how much silver the world has and they update it every year. Here is a link to the 2020 report on silver (for 2019) and here is the link to the latest 2021 report , just released in January 2021. You can access both reports to compare and see how the estimate changed from 2020 to 2021 (note: they revised...

In early February 2021, silver made a lot of news headlines. The so called "Reddit Crowd" had managed to run up the price of GameStop stock in a coordinated effort to force a short squeeze. This prompted all kinds of media attention and debate.  Soon thereafter, rumors began to circulate that the Reddit investors might next target the silver market in an effort to force silver prices higher. It was never determined how broad and coordinated this effort was, however new increased silver demand did push the silver price up to around $30 and no doubt it is likely some new Reddit silver investors did impact that move higher. On January 29th, a sub group of Reddit investors focused solely on silver ( r/Wallstreetsilver ) was created. Since this blog was also created due to a surge in silver interest, it is only natural to keep an eye on this group of silver investors to see what impact they may have on the market. As of the date of this article, the group has expanded to over 34,0...