RE: LeoThread 2026-01-30 02-36

Part 6/11:

The persistent, structural deficiency in silver—exacerbated by over 800 million ounces of cumulative deficit since 2021—has driven prices to historic records. However, this surge is not merely speculative; it reflects the fundamental industrial backbone of the metal.

Supply Constraints and Institutional Behavior

Supply-side constraints compound the bullish outlook. With a five-year run of structural deficits, inventories are thinning, causing prices to rise sharply. Is this a signal to switch from Bitcoin to silver?