Silver’s Industrial Demand, Mining Dynamics and Limited Free Float Could Delay Price Rally Effects on Supply — Sprott’s Zhu

Kenny Zhu, Director of Research and Investment Strategy at Sprott, notes silver’s unique traits that shield core supply-demand dynamics from direct price impacts. Between 50% and 60% of silver demand comes from industrial uses like solar panels and electronics, so prices do not sway supply the way they do for gold, where 40-50% is monetary demand.