WEBVTT 00:00:00.000 --> 00:00:02.439 Welcome back to the deep dive today. We're looking 00:00:02.439 --> 00:00:05.440 at a metal that's well, it's been making some 00:00:05.440 --> 00:00:09.039 serious waves quietly, maybe, but powerfully. 00:00:09.039 --> 00:00:11.800 Definitely. It's redefining its place, really 00:00:11.800 --> 00:00:15.119 driving prices to levels we haven't seen in almost 00:00:15.119 --> 00:00:17.960 14 years. That's right. We're talking about silver 00:00:17.960 --> 00:00:21.219 in twenty twenty five. It's surging near forty 00:00:21.219 --> 00:00:23.399 dollars an ounce. Almost forty dollars. Yeah. 00:00:23.929 --> 00:00:26.109 significant levels. And this isn't just, you 00:00:26.109 --> 00:00:28.410 know, a market blip. It feels like a fascinating 00:00:28.410 --> 00:00:31.750 paradox. How can something so ancient, so historical 00:00:31.750 --> 00:00:36.210 also be this unsung hero for our high tech future? 00:00:36.350 --> 00:00:38.689 It's a great question. So our mission today is 00:00:38.689 --> 00:00:41.890 to unravel exactly why silver seems to be reclaiming 00:00:41.890 --> 00:00:44.810 its throne. Ancient wealth and future ingredient. 00:00:45.009 --> 00:00:47.109 Both things at once. And for this deep dive, 00:00:47.189 --> 00:00:48.929 we're leaning heavily on a really insightful 00:00:48.929 --> 00:00:51.030 article. It's by Doug Young, published August 00:00:51.030 --> 00:00:54.920 31st, 2025. in the gold IRA company's bulletin. 00:00:55.100 --> 00:00:57.280 Exactly. And like you said, this isn't just another 00:00:57.280 --> 00:01:01.039 price spike. You know, it feels more like a profound 00:01:01.039 --> 00:01:02.939 market transformation. And then transformation? 00:01:03.100 --> 00:01:05.359 How so? Well, we're seeing this kind of perfect 00:01:05.359 --> 00:01:08.700 storm. It's driven by silver's really unique 00:01:08.700 --> 00:01:13.519 dual nature. OK. You've got this squeeze from... 00:01:13.359 --> 00:01:17.340 exploding industrial demand, a quiet but really 00:01:17.340 --> 00:01:19.760 significant return to its monetary roots. Right. 00:01:20.239 --> 00:01:22.959 And this tightening supply situation that's well, 00:01:23.120 --> 00:01:24.879 it's finally getting the attention it probably 00:01:24.879 --> 00:01:27.640 deserves. So a lot converging at once. Yeah. 00:01:27.980 --> 00:01:30.400 Get ready for, I think, a really insightful look 00:01:30.400 --> 00:01:33.439 into why silver is just commanding the spotlight 00:01:33.439 --> 00:01:36.420 right now. OK, let's unpack this then. It's easy 00:01:36.420 --> 00:01:38.879 to think of silver as just, I don't know, poor 00:01:38.879 --> 00:01:41.439 man's gold or maybe just an industrial thing. 00:01:41.500 --> 00:01:43.260 Sure. That's a common view. But it's clearly 00:01:43.260 --> 00:01:45.840 more complex, isn't it? What is it about silver 00:01:45.840 --> 00:01:49.219 that gives it this distinct dual identity? And 00:01:49.219 --> 00:01:51.280 why is that so critical right now with prices 00:01:51.280 --> 00:01:53.120 soaring? You've really hit the nail on the head 00:01:53.120 --> 00:01:55.120 there. That's the core of its unique appeal. 00:01:55.920 --> 00:01:58.200 You see, unlike gold, which is almost all about 00:01:58.200 --> 00:02:01.099 being a monetary asset, a store of value, or 00:02:01.099 --> 00:02:04.739 copper, which is nearly 100 % industrial, silver 00:02:04.739 --> 00:02:07.780 genuinely straddles both worlds. It functions 00:02:07.780 --> 00:02:10.020 both as a tangible asset, you know, for wealth 00:02:10.020 --> 00:02:13.060 preservation and as an essential industrial commodity. 00:02:13.379 --> 00:02:17.349 Oh, OK. So this dual role. It means its valuation 00:02:17.349 --> 00:02:20.530 is incredibly multifaceted. It's dynamic. So 00:02:20.530 --> 00:02:22.229 it gets pulled in different directions or maybe 00:02:22.229 --> 00:02:24.770 pushed by different forces. Exactly. And as silver 00:02:24.770 --> 00:02:28.289 pushes these decade highs now in August 2025, 00:02:28.650 --> 00:02:31.189 understanding that dual identity is absolutely 00:02:31.189 --> 00:02:33.610 central. It's key to deciphering its current 00:02:33.610 --> 00:02:35.610 market behavior. It's not one or the other driving 00:02:35.610 --> 00:02:37.990 it. It's really both influencing the price at 00:02:37.990 --> 00:02:41.569 the same time. So this fundamental tension. or 00:02:41.569 --> 00:02:45.710 maybe synergy between its practical use and its 00:02:45.710 --> 00:02:48.889 legacy as wealth, that's what makes it so compelling. 00:02:49.550 --> 00:02:51.990 But here's where, for me, it gets even more surprising. 00:02:52.349 --> 00:02:54.550 You mentioned its monetary roots returning, central 00:02:54.550 --> 00:02:57.370 banks buying silver. That honestly surprises 00:02:57.370 --> 00:02:59.870 me. I always thought gold was their main thing 00:02:59.870 --> 00:03:02.689 for reserves. What's really behind this shift? 00:03:02.729 --> 00:03:05.110 How significant is it? It is surprising for a 00:03:05.110 --> 00:03:07.289 lot of people, but it's actually a profound signal. 00:03:07.520 --> 00:03:11.000 We are witnessing a quiet yes, but significant 00:03:11.000 --> 00:03:13.340 trend central banks diversifying beyond just 00:03:13.340 --> 00:03:16.300 gold and nations like Russia and Saudi Arabia, 00:03:16.300 --> 00:03:19.139 for example They've been actively adding silver 00:03:19.139 --> 00:03:22.699 to their national reserves Wow Actively. Yeah, 00:03:22.740 --> 00:03:24.860 and this isn't just you know, a couple of countries 00:03:24.860 --> 00:03:28.099 making quirky investment choices This movement, 00:03:28.099 --> 00:03:31.020 it signifies what some are calling the remonetization 00:03:31.020 --> 00:03:33.379 of silver. Remonetization. It basically means 00:03:33.379 --> 00:03:36.500 there's a growing global recognition of silver 00:03:36.500 --> 00:03:39.460 as a, well, a valuable monetary metal again. 00:03:39.699 --> 00:03:41.819 It's sort of reasserting its place alongside 00:03:41.819 --> 00:03:45.419 gold. Now, some might argue, couldn't this just 00:03:45.419 --> 00:03:48.439 be a blip, you know, maybe a niche move by just 00:03:48.439 --> 00:03:51.240 a few countries? Are we sure this remonetization 00:03:51.240 --> 00:03:55.120 is really a global game changer or are we perhaps? 00:03:56.500 --> 00:03:58.439 overstating its impact. That's a fair question, 00:03:58.439 --> 00:04:00.759 definitely. But I think the implications are 00:04:00.759 --> 00:04:02.740 broader than just counting the number of countries 00:04:02.740 --> 00:04:04.659 doing it right now. How so? Well, think about 00:04:04.659 --> 00:04:07.439 it. When central banks, these sort of bastions 00:04:07.439 --> 00:04:09.939 of monetary stability start to actively accumulate 00:04:09.939 --> 00:04:12.919 an asset, it fundamentally shifts perceptions 00:04:12.919 --> 00:04:16.019 and demand dynamics. It sends a signal to a wider 00:04:16.019 --> 00:04:18.720 market. Exactly. It puts silver in a truly unique 00:04:18.720 --> 00:04:21.240 position compared to other purely industrial 00:04:21.240 --> 00:04:25.569 metals. It adds this new layer of foundational 00:04:25.569 --> 00:04:28.110 demand that really hasn't been prominent for, 00:04:28.110 --> 00:04:31.050 well, for decades. Sort of reevaluation. It is. 00:04:31.050 --> 00:04:34.029 A reevaluation of its fundamental worth, not 00:04:34.029 --> 00:04:36.050 just as something you make things with, but as 00:04:36.050 --> 00:04:39.050 a store of value, especially in an uncertain 00:04:39.050 --> 00:04:42.490 global economy. This revival, it fundamentally 00:04:42.490 --> 00:04:46.230 reshapes how silver is viewed and ultimately 00:04:46.230 --> 00:04:49.000 valued. That's a powerful point. So that's the 00:04:49.000 --> 00:04:51.100 central bank angle, this nod to its monetary 00:04:51.100 --> 00:04:53.879 past. But what about the physical market right 00:04:53.879 --> 00:04:56.620 now? What are the signals telling us about silver's 00:04:56.620 --> 00:05:00.439 actual availability? Are we seeing signs of immediate 00:05:00.439 --> 00:05:03.579 demand pressure, scarcity? Oh, the market is 00:05:03.579 --> 00:05:05.240 absolutely signaling something critical there. 00:05:05.519 --> 00:05:07.860 And it's a strong indicator of physical scarcity. 00:05:07.939 --> 00:05:10.230 OK. We're observing backwardation. in the silver 00:05:10.230 --> 00:05:12.269 futures market. Now, for listeners who track 00:05:12.269 --> 00:05:14.250 these things, you know that's rare, and it's 00:05:14.250 --> 00:05:16.350 a powerful signal. Right. Backwardation. So explain 00:05:16.350 --> 00:05:18.050 that it's when the immediate price is higher. 00:05:18.529 --> 00:05:20.769 Exactly. It's a condition where the immediate 00:05:20.769 --> 00:05:24.230 spot price for silver actually surpasses its 00:05:24.230 --> 00:05:27.730 futures price. Normally, futures are higher to 00:05:27.730 --> 00:05:29.750 account for storage costs, time value of money, 00:05:29.910 --> 00:05:32.209 things like that. Product. So what backwardation 00:05:32.209 --> 00:05:35.350 tells us is that there's intense immediate demand 00:05:35.350 --> 00:05:38.519 pressure. and a scarcity of the physical metal 00:05:38.519 --> 00:05:40.740 right now. It means buyers are willing to pay 00:05:40.740 --> 00:05:44.160 more to get silver today than for delivery down 00:05:44.160 --> 00:05:46.629 the road. And we're seeing that. Yes. Recent 00:05:46.629 --> 00:05:49.350 data confirms it. Spot silver prices briefly 00:05:49.350 --> 00:05:52.209 surged past futures prices. That's a huge red 00:05:52.209 --> 00:05:56.029 flag, really. It suggests inventories of the 00:05:56.029 --> 00:05:59.610 liberal physical silver are quite tight. So real 00:05:59.610 --> 00:06:01.709 supply challenges. Pointing to genuine supply 00:06:01.709 --> 00:06:03.990 challenges and meeting near term demand. It's 00:06:03.990 --> 00:06:05.810 telling us the matter isn't as readily available 00:06:05.810 --> 00:06:08.050 as maybe some assumed. OK, so this isn't just 00:06:08.050 --> 00:06:11.009 futures market games. There's a real crunch potentially 00:06:11.009 --> 00:06:13.110 on the physical side. You strongly suggest that, 00:06:13.149 --> 00:06:16.319 yes. And speaking of What does it mean for silver 00:06:16.319 --> 00:06:18.879 to be classified now as a critical mineral by 00:06:18.879 --> 00:06:21.120 the U .S. government? That sounds pretty formal, 00:06:21.379 --> 00:06:24.399 pretty significant. It is significant. In 2025, 00:06:25.040 --> 00:06:27.519 silver was added to the U .S. draft list of critical 00:06:27.519 --> 00:06:31.399 minerals. And that designation, it isn't given 00:06:31.399 --> 00:06:34.360 lightly. What does it signify? It reflects silver's 00:06:34.360 --> 00:06:36.620 strategic importance, yes, for the economy and 00:06:36.620 --> 00:06:39.699 for national security. But maybe more crucially, 00:06:40.180 --> 00:06:42.540 it highlights significant vulnerabilities in 00:06:42.540 --> 00:06:45.139 its supply chain. Vulnerabilities? Like what? 00:06:45.279 --> 00:06:47.339 Well, here's a crucial point, something many 00:06:47.339 --> 00:06:50.600 people overlook. Silver is mostly obtained as 00:06:50.600 --> 00:06:52.980 a byproduct. A byproduct, you mean it's not mined 00:06:52.980 --> 00:06:56.100 for itself primarily? Largely, no. Think about 00:06:56.100 --> 00:06:59.120 it. Most silver is extracted when mining other 00:06:59.120 --> 00:07:03.160 metals, zinc, lead, copper, even gold. Huh. That's 00:07:03.160 --> 00:07:05.759 kind of ironic, isn't it? It is. This metal, 00:07:05.860 --> 00:07:07.839 so critical for our future tech, is basically 00:07:07.839 --> 00:07:09.920 just a passenger in someone else's mining operation. 00:07:10.120 --> 00:07:12.480 So that makes its supply dependent on the demand 00:07:12.480 --> 00:07:14.879 for other metals. Precisely. This dependency 00:07:14.879 --> 00:07:18.100 puts silver supply at significant risk. If, say, 00:07:18.360 --> 00:07:20.160 copper mining slows down because of an economic 00:07:20.160 --> 00:07:22.839 downturn or regulatory changes. Then silver production 00:07:22.839 --> 00:07:26.000 drops, too, even if silver demand is high. Exactly. 00:07:26.420 --> 00:07:28.560 Regardless of the specific demand for silver 00:07:28.560 --> 00:07:30.779 itself. So if those primary mines slow down, 00:07:30.899 --> 00:07:33.040 that silver supply bottleneck just gets tighter 00:07:33.040 --> 00:07:35.579 and tighter. And just to put it in perspective, 00:07:36.339 --> 00:07:38.680 the total market value of all the silver ever 00:07:38.680 --> 00:07:41.680 mined in history, it's still smaller than some 00:07:41.680 --> 00:07:44.480 single major global corporations. That's incredible. 00:07:44.600 --> 00:07:46.699 It really underscored the potential imbalances 00:07:46.699 --> 00:07:50.480 we could see. Demand growing rapidly, while supply 00:07:50.480 --> 00:07:53.459 remains constrained by these odd byproduct dynamics. 00:07:53.839 --> 00:07:55.980 That dependency makes it incredibly vulnerable 00:07:55.980 --> 00:07:58.360 almost like a yeah codependent metal okay that 00:07:58.360 --> 00:08:00.779 makes perfect sense so that's the supply side 00:08:00.779 --> 00:08:04.579 ancient echoes modern vulnerabilities but what 00:08:04.579 --> 00:08:09.540 about the other side the demand this ravenous 00:08:09.540 --> 00:08:12.870 appetite for silver Where is it truly indispensable 00:08:12.870 --> 00:08:15.110 now, especially as we electrify everything? The 00:08:15.110 --> 00:08:17.769 industrial demand side is truly exploding, especially 00:08:17.769 --> 00:08:20.029 when you look at emerging green technology. Blind 00:08:20.029 --> 00:08:22.649 tech, right. It's not just important, it's vital. 00:08:23.269 --> 00:08:25.730 Silver has unique properties, like its exceptional 00:08:25.730 --> 00:08:28.139 conductivity, the best of any metal. actually. 00:08:28.360 --> 00:08:31.560 So think about its role in solar votovoltaic 00:08:31.560 --> 00:08:33.360 panels. It's a critical conductor there. Solar 00:08:33.360 --> 00:08:35.639 panels, got it. It's also essential in electric 00:08:35.639 --> 00:08:38.440 vehicle batteries. Yeah. And then, you know, 00:08:38.679 --> 00:08:41.159 countless electronic devices that power our everyday 00:08:41.159 --> 00:08:44.639 lives. Your smartphone, medical equipment. That's 00:08:44.639 --> 00:08:47.659 everywhere, pretty much. And as the world pushes 00:08:47.659 --> 00:08:51.000 harder towards a more electrified, more sustainable 00:08:51.000 --> 00:08:54.230 future, Silver's role just keeps expanding. The 00:08:54.230 --> 00:08:57.309 scale must be huge. The broader implication is 00:08:57.309 --> 00:08:58.929 immense. Some projections are actually quite 00:08:58.929 --> 00:09:01.789 staggering. By 2050, so not that far off, really. 00:09:02.370 --> 00:09:04.909 Solar energy applications alone could potentially 00:09:04.909 --> 00:09:08.129 consume a major share of all currently known 00:09:08.129 --> 00:09:11.129 silver reserves. Wow. Just solar. Just solar. 00:09:11.259 --> 00:09:13.820 That's a massive commitment of a limited resource 00:09:13.820 --> 00:09:16.179 to essentially one industry sector. That's hard 00:09:16.179 --> 00:09:18.740 to wrap your head around. It is. And then you 00:09:18.740 --> 00:09:20.799 layer on top of that the widespread government 00:09:20.799 --> 00:09:23.919 support for energy transition initiatives, increased 00:09:23.919 --> 00:09:26.120 electrification of transport. Right, EVs and 00:09:26.120 --> 00:09:28.980 everything else. Exactly. You can see how industrial 00:09:28.980 --> 00:09:32.100 demand isn't just growing nicely, it's accelerating 00:09:32.100 --> 00:09:35.320 rapidly. Yeah. Making silver increasingly critical 00:09:35.320 --> 00:09:38.320 for global technology and frankly, our green 00:09:38.320 --> 00:09:41.529 future. So. Silver isn't just a commodity anymore. 00:09:41.549 --> 00:09:44.370 It's literally like a foundational element for 00:09:44.370 --> 00:09:46.610 the future we're trying to build. That's a good 00:09:46.610 --> 00:09:48.909 way to put it. And you're saying this whole story, 00:09:49.149 --> 00:09:53.769 this narrative, it's actually reflected powerfully 00:09:53.769 --> 00:09:56.350 in the price charts themselves. Absolutely. For 00:09:56.350 --> 00:09:58.629 those who follow technical analysis, the charts 00:09:58.629 --> 00:10:01.549 strongly reinforce this narrative of a potential 00:10:01.549 --> 00:10:03.850 major price rally. How so? What are they showing? 00:10:04.399 --> 00:10:07.080 Well, when we look at the really long -term charts, 00:10:07.279 --> 00:10:10.379 think quarterly. Even annual views, silver has 00:10:10.379 --> 00:10:12.740 decisively broken out above some significant 00:10:12.740 --> 00:10:14.820 historical resistance levels. Breaking through 00:10:14.820 --> 00:10:17.000 ceilings, basically. Exactly. It's reaching heights 00:10:17.000 --> 00:10:19.440 we haven't seen since back in 2011. That's a 00:10:19.440 --> 00:10:21.879 very strong signal in itself, suggesting renewed 00:10:21.879 --> 00:10:25.559 momentum. Okay. Any specific patterns? Yes. And 00:10:25.559 --> 00:10:27.139 what's particularly compelling, especially for 00:10:27.139 --> 00:10:29.539 chart pattern students, is this developing cup 00:10:29.539 --> 00:10:31.740 -and -handle formation. Ah, the cup -and -handle. 00:10:31.740 --> 00:10:34.059 I've heard of that. Right. And this one has been 00:10:34.059 --> 00:10:37.860 forming over, get this, 45 years. 45 years. That's 00:10:37.860 --> 00:10:41.700 huge. It's a massive, long -term base. And in 00:10:41.700 --> 00:10:44.279 technical analysis, this is seen as a classic, 00:10:44.639 --> 00:10:47.340 highly bullish indicator. It traditionally presages 00:10:47.340 --> 00:10:50.399 really significant upward momentum once the handle 00:10:50.399 --> 00:10:52.100 part of the pattern completes and breaks out. 00:10:52.179 --> 00:10:54.120 And have we seen this before with silver? We 00:10:54.120 --> 00:10:57.049 have clear historical precedence, yes. Prior 00:10:57.049 --> 00:11:00.090 major bull markets in silver back in 1980 and 00:11:00.090 --> 00:11:02.789 again in 2011 They followed similar large -scale 00:11:02.789 --> 00:11:05.289 chart formations leading to big price surges 00:11:05.289 --> 00:11:08.029 very substantial price surges So it suggests 00:11:08.029 --> 00:11:10.070 the market might be building up enormous energy 00:11:10.070 --> 00:11:12.929 for another potentially large move upward It 00:11:12.929 --> 00:11:15.190 hints at an explosive future technically speaking. 00:11:15.370 --> 00:11:17.470 That's a strong technical case then adds another 00:11:17.470 --> 00:11:19.750 layer to the story. Okay, so bringing it all 00:11:19.750 --> 00:11:23.049 together This monetary renaissance, the critical 00:11:23.049 --> 00:11:25.769 mineral status, the absolutely exploding industrial 00:11:25.769 --> 00:11:27.769 demand, and these bullish technical signals. 00:11:28.409 --> 00:11:30.330 What does it all mean for the future trajectory 00:11:30.330 --> 00:11:33.090 of silver prices? What are analysts forecasting? 00:11:33.450 --> 00:11:35.429 And importantly, what should listeners keep in 00:11:35.429 --> 00:11:38.149 mind if they're watching this market? Well, looking 00:11:38.149 --> 00:11:40.450 at analysts' forecasts for silver prices for 00:11:40.450 --> 00:11:45.840 2025 and looking beyond, they are... overwhelmingly 00:11:45.840 --> 00:11:48.899 billish. Mostly positive outlooks. Yes. Now, 00:11:48.899 --> 00:11:50.779 obviously there's a natural range in these projections, 00:11:51.139 --> 00:11:53.840 right? But some of the more optimistic forecasts 00:11:53.840 --> 00:11:57.139 are projecting prices potentially above $50 in 00:11:57.139 --> 00:12:00.120 the medium term. Above $50? That's a big jump 00:12:00.120 --> 00:12:03.279 from near $40. It is, with general expectations 00:12:03.279 --> 00:12:05.600 of gradual appreciation continuing through 2030. 00:12:05.700 --> 00:12:08.370 Okay, but... There's always a but, isn't there? 00:12:08.690 --> 00:12:11.049 There is. And it's important. While the bullish 00:12:11.049 --> 00:12:13.049 case is compelling, our source material is quick 00:12:13.049 --> 00:12:15.309 to remind us. And it's true, silver isn't a smooth 00:12:15.309 --> 00:12:18.190 ride. Notoriously volatile, right? Exactly. It's 00:12:18.190 --> 00:12:20.549 very sensitive to industrial demand trends. If 00:12:20.549 --> 00:12:23.009 global growth slows, that could hurt. It's sensitive 00:12:23.009 --> 00:12:25.850 to geopolitical jitters, shifts in monetary policy. 00:12:25.909 --> 00:12:28.129 Like inflation and interest rates? Precisely. 00:12:28.309 --> 00:12:29.950 And even, you know, there are often concerns 00:12:29.950 --> 00:12:32.330 voiced about potential market manipulation in 00:12:32.330 --> 00:12:35.129 silver. So it's absolutely vital to stay informed 00:12:35.129 --> 00:12:37.350 and understand these complex interacting market 00:12:37.350 --> 00:12:40.019 forces. Good caveats. And crucially, as always, 00:12:40.139 --> 00:12:42.379 this information we're discussing is for educational 00:12:42.379 --> 00:12:44.759 purposes. It doesn't constitute financial or 00:12:44.759 --> 00:12:46.879 investment advice. People need to do their own 00:12:46.879 --> 00:12:49.559 research. Absolutely. Well, this has been a really 00:12:49.559 --> 00:12:52.299 compelling deep dive. It highlights this potent 00:12:52.299 --> 00:12:54.919 combination of factors driving silver's momentum 00:12:54.919 --> 00:12:57.820 right now, that quiet return to monetary roots, 00:12:58.419 --> 00:13:00.799 the critical mineral designation, burgeoning 00:13:00.799 --> 00:13:03.340 industrial demand for our green future, and as 00:13:03.340 --> 00:13:06.470 you just laid out, strong positive technical 00:13:06.470 --> 00:13:09.250 signals. It's a truly fascinating convergence. 00:13:09.649 --> 00:13:11.870 It truly is. And maybe a crucial takeaway here 00:13:11.870 --> 00:13:14.789 is that while the case for significant upward 00:13:14.789 --> 00:13:17.509 movement in silver prices looks strong on many 00:13:17.509 --> 00:13:20.429 fronts, the interplay, these supply constraints 00:13:20.429 --> 00:13:22.149 we talked about, the global economic shifts, 00:13:22.409 --> 00:13:25.570 investment flows, it all creates inherent uncertainty. 00:13:25.789 --> 00:13:29.029 both around the timing and the exact magnitude 00:13:29.029 --> 00:13:31.309 of any potential price surge. So the direction 00:13:31.309 --> 00:13:34.549 seems likely, but the path and the peak are still 00:13:34.549 --> 00:13:36.490 uncertain. That's a good way to summarize it. 00:13:36.830 --> 00:13:38.429 So staying informed on all these diverse market 00:13:38.429 --> 00:13:41.070 factors is just essential for understanding silver's 00:13:41.070 --> 00:13:43.429 evolving role in this changing global economy. 00:13:43.830 --> 00:13:47.529 Okay. And as we close out this deep dive, maybe 00:13:47.529 --> 00:13:49.549 here's a final thought for you, our listener, 00:13:49.750 --> 00:13:53.279 to mull over. Silver really does seem to stand 00:13:53.279 --> 00:13:55.480 at this unique intersection, doesn't it? It really 00:13:55.480 --> 00:13:58.279 does. It has this profound historical monetary 00:13:58.279 --> 00:14:01.159 significance that ancient rolled as wealth and 00:14:01.159 --> 00:14:03.899 at the same time this absolutely indispensable 00:14:03.899 --> 00:14:07.200 role in the future of green technology. Ancient 00:14:07.200 --> 00:14:10.960 value, modern necessity. Exactly. So what does 00:14:10.960 --> 00:14:13.620 this dual nature truly suggest about its long 00:14:13.620 --> 00:14:16.000 -term value and maybe its potential to shape 00:14:16.000 --> 00:14:18.279 global industries and economies in the decades 00:14:18.279 --> 00:14:20.480 still to come? Something to think about. Definitely 00:14:20.480 --> 00:14:21.840 something to think about. about. Thank you for 00:14:21.840 --> 00:14:23.759 joining us on this deep dive. We encourage you 00:14:23.759 --> 00:14:26.139 to continue exploring these complex and frankly 00:14:26.139 --> 00:14:28.120 very important topics until next time.