An Epic Triple Threat: Silver's Unique Position in The Current Bull Market
The younger brother of gold has attracted attention from 3 sides for 3 very different reasons.
“My God! My god!” yelled legendary professional wrestling commentator Jim Ross. “A Cross Body from the top rope from The Masked Industrial! to The Supply Man! What an epic match we have for you ladies and gentlemen!”
Then suddenly, the crowd saw someone with a steel chair running to the ring, making them go nuts.
”WAIT A MINUTE! IT’S—IT’S THE SAFE HAVEN! SAVE HAVEN IS HERE, WITH A STEEL CHAIR!” Screamed Jim Ross. “SAVE HAVEN IS LAYING WASTE TO THE MASKED INDUSTRIAL AND TO THE SUPPLY MAN! WHAT THE HELL IS GOING ON!?”
The General Manager, Adam Pearce, then storms out from the back as he is visibly furious with the chaos unfolding.
”ENOUGH!” barked Adam Pearce. "It seems to me that everyone person in there wants the one championship belt that is sought after: The Silver Heavyweight Championship! So here’s what I’ll do!—it will be The Supply Man vs The Masked Industrial vs Safe Haven in a TRIPLE THREAT MATCH!”
For those that aren’t wrestling fans, think about this as 3 people fighting for one prize that is sought after: Silver!
So with that being said let us break down the three #1 contenders that is driving the demand for the richest metal in the financial markets.
The First Contender: The Masked Industrial’s Booming Demand
For our first contender, The Masked Industrial has shown a lot of versatility in his moves that makes him utterly dominate against the competition!
What stands him out is his irreplaceable conductivity and properties. Silver is the highest electrical and thermal conductor of any metal in the periodic table. He’s been super kicking his competition with ~60% of the the total global demand for the metal over the last couple of years according to the Silver Institute. In fact, in 2024, the industrial offtake hit record highs of around 680.5 million ounces of silver, which was the fourth consecutive annual record, talk about having a dominate run!
Next, he’s been powerslamming his opponents with solar panels, and electric vehicles, and with advanced batteries.
- Solar PV’s has been remained a monster driver as global installations hit records in 2025, consuming hundreds of millions of ounces.
- Each EV uses 67-79% more silver than traditional cars, which is around 25-50 grams per vehicle. The Silver Institute also forecasted continued demand for automotive silver at a compound annual growth rate of 3.4% in the next 5 years, with EV’s being the top source by 2027.
Finally, he’s been clotheslining the data centers and electronic sectors with such utter force that people has been talking about him being the Silver Heavyweight Champion! In 2025, the boom of AI added tens of millions of ounces of silver demand according to Financial Magnates.
Furthermore, because of its unbelievable electrical and thermal conductor performance, Semiconductor chips, laptops, phones, tablets all rely on silver for exceptional performance.
With no slow down in sight from green transition, to electrification and continued AI demand despite the ongoing market concentration, The Masked Industrial’s signature package piledriver could be the one move that will crown him as the reason silver continues to move higher this year.
BUT, despite his unstoppable momentum, he really isn’t that invincible….
Firstly, the ongoing tariffs, trade tensions or even economic slowdowns may heavily weigh in on manufacturing in EV adoption starting this year.
Secondly, the high silver prices caused something called “Thrifting” which is using less silver per component. This has caused the growth of raw ounce of silver to be tempered, even with all record installations.
If there were to be any dip and flattening in industrial demand, the other contenders could strike back with force….
On to our next contender!
The Second Contender: The Supply Man’s Dangerous Chokehold On The Silver Market
For many, many years, The Supply Man has been making the silver market tap out with it’s vicious sleep holder. How come? It’s because the output of mining simply can not keep up with and on top of that recycling hits limits that has lead to ongoing deficits. Talking about a backbreaker for supply strains!
Despite silver’s position as a top metal for electrical and thermal conductivity, it’s mostly a by product of 4 metals that are mined out:
1. Copper
2. Lead
3. Zinc
4. Gold
All 4 of these metals represent 70-80% of silver’s supply, meaning the output of the metal relies on these 4 particular markets rather than just the price of silver alone.
That means for Silver’s prices to continue to trend higher, Demand for 4 of these metals must rise, otherwise, the price of silver taps out! Talk about a vicious guillotine hold, OUCH!
On top of that, top silver producers in countries like China, Mexico, Peru, Bolivia and Chile has faced serious challenges such as geopolitics, issues with operations, and low ore grade.
And speaking of Geopolitics, China, the second largest silver producer as of January 1st, has restricted the export of silver! What does this mean?
That means that there’s going to be:
A. An immediate Supply Shock and global shortage.
Prior to the restriction, the global supply, was already tight, as there was a deficit of 95 million ounces of silver, which is the 5th consecutive year that there has been a deficit, and the shortfalls over all since 2021 has reached nearly 820 million ounces of silver.
With the restriction, China could lock away ~400 million ounces of silver annually, which represents 60-70% of globally traded refined silver.
To make matters worse, new silver mining projects take anywhere between 10-15 years to develop! Does anyone got time for that!? No!
B. Upward Pressure on Spot Silver
Like all other metals, silver follows the fundamental laws of supply of demand meaning:
Prices goes up if there’s more demand and less supply, prices goes down if there’s more supply and less demand.
Thanks to China’s export restriction, silver will start to become more and more scarce, leading to shortage of material. This will cause a strong demand for silver, meaning that The Supply Man’s vicious grip might be the reason he could be the next Silver Heavyweight Champion!
Now on to the final contender of the triple threat
The Final Contender: Safe Haven’s Powerbomb on Risk-On Assets
Well ladies and gentleman, if you read the last article about Gold’s rise on the Market Sentinel, you can apply everything you have learned here!
Silver is Gold’s brother, and as Gold has been Utterly dominating the markets lately, who said silver can’t too!?
Safe Haven, cuts a mean promo explaining why he wants the Silver Championship:
”You see credit growth in the US has declined, people are defaulting and being delinquent on their loans! Economies that has less credit means they halt, and the industrial man can’t acknowledge that!” Safe Haven said as he paces back and forward with the mic, “You got market concentration in AI, Real Estate, and Crypto! Why is Insiders selling like the house is on fire?! Why has liquidity distress continue to pile up!?” He questions.
Basically, if Silver and Gold goes up, it spells bad news for risk-on assets because these 4 things that Safe Haven are saying is playing out in real time!
Silver, like gold, has been also used as a means of exchange for thousands of years. If you have silver on you and you wish to obtain gold, you can trade in ounces of silver, and to determine that, you use the gold silver ratio. This will tell you how many ounces of silver (that number is always fluctuating) you’ll need to trade in to get an ounce of gold.
Gold and silver follows each other almost to a T as you can see in the chart below.
So you can name the 2 reasons why silver’s going up: industrial demand for the metal and shortage of it. They are both true in this case.
But if silver is following gold (which it is), then it is much MUCH more than just the industrial demand and shortage of silver.
It’s the fact the US financial system is under a significant amount of distress, and it will continue to be under financial distress.
And if you honestly ask me who will be the next Silver Heavyweight Champion, it’s Safe Haven.
No amount of Industrial Demand and shortages can compare to the demand for silver needs because it is much cheaper than gold and you can trade it in to get gold anyway.
And the biggest reason why silver’s next leg is gonna go higher won’t be because of the industrial demand or the shortages, it will be because of one thing and one thing only:
PROTECTION.