$XAG
🔞🚸 People keep posting quoting "Silver market cap" at $6 trillion or however much up or down it is 🚨
There are not 56 billion oz of silver stored in vaults. It is gone. Just like all of the oil pumped since 1859 has been consumed 👀
90% of that 56 billion oz mined throughout history has been used by industry, turned into a paste and used in electronics or solar panels or mirrors or dozens of other products. And most of it is in such tiny amounts (a few grams) that it can never be recovered. Only 20% gets recycled ↩️
If there were 56 billion oz floating around the market, silver would not be at over $100 per oz right now. If silver were that readily available for industry to acquire it, they wouldn't be doing deals with silver mining companies to acquire their output directly ⚡️↔️
So when someone quotes that ridiculous "silver market cap" amount, that is a signal that they have no idea what is going on with the silver market or why prices are rising ↔️⚡️
🚸 Warning 🚸 I do not provide financial advice 🔞The intent of this content is for you to be aware of market conditions before starting to invest 👌Thank you for reading 👌