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As much as I buy into the silver story
and I do. I get a little nervous when people are calling for $600 silver. Hard to see that just as a supply issue. Maybe in combination with a much weaker dollar.
What do you all think?
BTW – the CEO of Redfin was interviewed and he had a really negative outlook on real estate. That is something I always hoped to see, rising pm’s and falling R.E. but I hope there’s a long to go for both.
Supply deficits will continue into the future … make no mistake …
The Silver Squeeze Is 100% Coming: Will Samsung’s Battery Breakthrough Devour the Remainder of the World’s Silver Supply?
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A perfect storm is brewing in the silver market. It is a storm that will be driven by a tsunami of industrial demand, a tsunami that will be so powerful that it will overwhelm the world’s ability to produce silver. And it is a storm that will send the price of silver to levels that are unimaginable today.
For decades, silver has been the forgotten precious metal. It has been overshadowed by gold, and it has been dismissed as a mere industrial commodity. But all of that is about to change.
A technological breakthrough in the electric vehicle industry is about to unleash a wave of demand for silver that will be so massive that it will consume a significant portion of the world’s annual production.
And that is just the beginning. The solar industry is already consuming a massive and growing amount of silver. Have a look at the chart below.
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And when you add in the demand from the military, from the A.I. and robotics revolutions, and from the rising consumer class in Asia, you have a recipe for a supply crisis of epic proportions.
The question is not whether the price of silver will rise. The question is how high it will go. And the answer is that it will go much, much higher.
The world is about to discover that silver is not just a precious metal; it is the most indispensable metal on the planet. And the price is about to reflect that reality.
The Solid-State Battery Breakthrough: A Game-Changer for Silver Demand
Samsung has developed a new solid-state battery that is set to revolutionize the electric vehicle industry. This new battery offers a 600-mile range, a 20-year lifespan, and a 9-minute charge time. It is a game-changer for the EV industry, and it is a game-changer for the silver market.
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The reason is that this new battery uses a silver-carbon composite layer for the anode. And according to estimates, there could be as much as (5) five grams of silver per cell in Samsung’s solid-state batteries. A typical EV battery pack contains around 200 cells, which means that each vehicle could require about 1 kg of silver.
To put this in perspective, global car production stands at about 80 million vehicles per year, on the low end. If just 20% of these vehicles were to adopt Samsung’s solid-state batteries, the annual demand for silver would be around 16,000 metric tons.
This would represent a significant portion of the current global silver production, which is approximately 25,000 metric tons annually.
And this is a conservative estimate. The penetration of solid-state batteries into the auto industry could be as high as 50% or greater in the coming years. And that means that the demand for silver from the EV industry alone could consume the entire annual production of the world.
The silver market is simply not prepared for this level of demand. And the consequences will be explosive and far reaching.
Let’s Dig Into The Following:
- The solar industry (which accounts for 15-20% of all silver demand) is in a race to reduce its silver consumption due to high prices. But the reality is that there is no viable substitute for silver in solar panels. And as the world transitions to a green energy economy, the demand for silver from the solar industry is only going to grow rapidly!
- The demand for silver from the EV and solar industries is just the tip of the iceberg. There is a multi-front war for a finite resource that is about to erupt.
The military, the A.I. and robotics revolutions, and the rising consumer class in Asia will all be competing for the same, limited supply of silver. And this is a competition that will have only one winner: the price of silver!
- Here is the part that makes this crisis truly existential: all of this massive new demand from solid-state batteries, solar, A.I, robotics, and the Asian consumer boom is being layered on top of a silver market that has already been in a supply deficit for five years, going on six. Truly think about what this means for what is coming!
- And THE FINAL WARNING. The world is on the brink of a silver crisis that will be unlike anything we have ever seen. It is a crisis that will be driven by the unstoppable forces of technological innovation and green energy, and it is a crisis that will be exacerbated by the financialization of the silver market. This is your wake-up call!
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Must be selling gold and silver
and buying platinum and palladium. Plat up $57, over 3%
Oil all the way down to a $55 handle.
Volatile day for the pm sector.
We are definitely tied to the SM algo’s
Didn’t realize they put the jobs numbers out this am. Better than expected +69K vs. +30K expectations.
Retail sales also beat.
No Christmas rally yet so far this year. Will be interesting to see how things go next week as volume falls off a cliff.
At least there’s some sense there. Martin Armstrong thinks the French have already been dipping into the Russian funds.
Lord Bebo
@MyLordBebo
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Dec 15
🇪🇺🇷🇺 7 out of 27 EU countries are already opposed to the expropriation of Russian assets. Any attempt to push through this decision will cause a serious rift within the EU — Euractiv
🇧🇪🇭🇺🇸🇰🇮🇹🇧🇬🇲🇹🇨🇿: Belgium, Hungary, Slovakia have been joined by Italy, Bulgaria, Malta & Czech
Send them all back!
Basil the Great
@BasilTheGreat
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5h
In many European countries you will find nice little farm shops like this one in the Netherlands 🇳🇱
While people are t work on the farm they have a trust system where people leave money in return for goods
Nice hit for Onyx
Onyx Gold Returns 194 m of 1.8 g/t Au at Argus North, Including 28 m of 3.0 g/t Au and 24.1 m of 3.7 g/t Au
https://finance.yahoo.com/news/onyx-gold-returns-194-m-120000383.html
D’oh!
Ukraine’s Anti-Corruption Investigation Appears To Be On The Brink Of Implicating Zelensky
The New York Times’ recent report about his government’s responsibility for the worst corruption scandal in Ukraine’s history suggests that the walls are closing in and his foreign media allies are jumping ship out of desperation to retain some of their credibility after years of deifying him.
Surprisingly good open
Considering that silver was beaten down to $62.12 in the overnight markets and now all the way back up to $63.70. Gold was down $30, now up $23.
Shares continue to be solid, not off to the races, but not down yet.
Who knows, maybe we’ll hang in there. No doubt the strength is on the Crimex today. Still a battle though, they aren’t going to let us run. We’re getting hit while I type. Silver back below $63.50
Maddog @ 7:02
Interesting viewpoint!
FWIW
Shares don’t look that bad in the premarket. Course, they sucked yesterday when they shouldn’t have.
Never know with this stuff.
AI and the legal profession
No link as behind a paywall.
It feels, pleasingly, like a scene from a cerebral James Bond film, or perhaps an episode of Slow Horses. I am in a shadowy corner of a plush, buzzy Soho members’ bar. A mild December twilight is falling over London. Across the table from me sits an old acquaintance, a senior English barrister, greying, quietly handsome, in his mid fifties. And he wants to speak anonymously, because what he is about to say will earn the loathing of his entire profession.
Let’s call him James. I’ve known him for a few years, and over these years we’ve discussed all kinds of things, from politics to architecture to the misfortunes of Chelsea FC. We’ve also discussed technology and AI. James’s views of AI were always like his politics: centrist, clever, moderate, sceptical. But now that has changed. In the past few weeks James has come to believe AI will ‘completely destroy’ the law as we know it: wrecking careers, ending systems, making thousands jobless. And the Armageddon, he says, is coming faster than almost anyone realises.
As he sips an espresso martini, he prefaces his case with some context. ‘You saw the headlines about the Sandie Peggie case? Where the judge allegedly used AI? Well, believe me, this is just the beginning. AI is coming for us all.’
‘How?’
‘Last week we did an experiment, a kind of simulation. We took a real, recent and important case – a complex civil court appeal which I wrote, and it took me a day and a half. We redacted all identifying details, for anonymity and confidentiality, and we fed the same case to Grok Heavy AI. And then we asked it to do what I did. After some prompting, the end result was…’ He shakes his head. ‘Spectacular. Actually staggering. It did it in 30 seconds, and it was much better than mine. And remember, I am very good at this.’
He sits back, wry yet resigned. ‘It was at the level of a truly great KC. The best possible legal document. And all done in seconds for pennies. How can any of us compete? We can’t.’
He finishes his martini. We order two more. ‘With the right prompting, legal AI is now way ahead of people. Barristers or advocates who depend on giving legal opinions and have no client contact are already completely fucked. But more is coming.’
James believes AI will work its way up the legal hierarchy. First the gruntwork, then the drafting, the citation, the argumentation. Eventually the majority of legal jobs will be replaced. ‘Process lawyers are obviously doomed. AI will handle the most complex probate and conveyancing cases in seconds. The most complicated human skill will be,’ he chuckles, sadly, ‘to scan and digitise paper documents. Barristers will make arguments in courtrooms that are drafted by AI, and then people will wonder why they are paying human barristers £200,000, and they too will disappear.’
He concludes, pithily: ‘With rare exceptions, law is finished for almost everyone, maybe even the judges – as we’ve seen the past few days.’
I mention the problem of ‘hallucinations’ – when an AI model presents false or fabricated information as factual – and the need for a human face in court. The Sandie Peggie judgment allegedly contained AI-made errors. He waves this all away. ‘Temporary bugs and sentimental preferences. The economic argument is overwhelming.’
‘It was the best possible legal document. And all done in seconds for pennies. How can any of us compete? We can’t’
There is another obvious question raised here. If James can see what is coming down the line, why can’t everyone else? James knocks back his drink, and explains that the next generation of lawyers are being trained to believe they can use AI, without being replaced by it. They are comforted by the idea that AI is just another tool, like LexisNexis with better teeth. James is certain they are deluded. He says maybe 1 per cent of his peers have any idea what is about to happen.
He has another argument, even more pressing. ‘Lawyers are arrogant. Lawyers run the country. Keir Starmer is a quintessential lawyer. So these are people used to being respected, and they commonly have, let’s say, very high self-esteem. For them to admit they aren’t so special, at all, and that they can be replaced by a free robot, is going to be torture.’
I ask what he thinks this will do to his colleagues – psychologically, economically, emotionally. ‘At first, they will fight, like radicals. A losing battle. There will be attempts to outlaw the use of AI in various legal areas. But it won’t work, the economics will see to that. So lots of people who make a lot of money will, suddenly, not make that money. God knows what that might do to property prices, to politics, to all of us. Because it won’t just be the law.’
We are nearly at the end of our second martinis. I am now sufficiently unnerved to want a third. I look around at the sleek, clever people in this posh London drinking hole, with its elegant modern British art, its very excellent wine list. What happens when the ecosystem that supports all this – rich metropolitan people using their capable brains – is shaken to the core? Or collapses?
James seems surprisingly cheery, given his theme. ‘To be honest, a lot of lawyers deserve what’s coming. Too many of them are greedy, selfish – yet not self-aware. They create complexity purely so they can make more work for themselves. And activist judges are a curse, which will soon be lifted. Maybe in the end this will all be a good thing, even if 100,000 unemployed barristers will be…’ He laughs. ‘A bit destabilising. Think of an army of penniless, pompous, progressive lawyers – with nothing to do.’
The club is now loudly buzzing, and James is heading off for dinner with colleagues. ‘Obviously, I’m not going to say any of this to them. They would hate me. But someone has to be honest.’
I have one last question. Right now, young people are studying law, or considering doing so. Does James have any advice? He sits up, full of passion.
‘My niece is a lovely girl, really smart, great at school, and the other day she told me she wants to be a lawyer. And I thought, “Oh my God, my little niece wants to be a lawyer”, and I flat out told her. I said please do not destroy your life. Do not get into a lifetime of debt for a job that won’t exist in ten years. Or less.’
Armstrong.
Europe was talking about crashing the US stock market if Trump makes peace deal with Putin.
Martin Armstrong drops bombshell revelations in this exclusive 2025 interview: he personally drafted Trump’s secret Russia-Ukraine peace plan, warns that the EU has already secretly spent most of the $300 billion frozen Russian assets (mostly private wealth), predicts a major NATO false-flag in Q1 2026 to block US exit from the alliance, declares Europe the real enemy of peace, exposes the hidden $75 trillion natural-resource motive behind the war, confirms Washington is seriously discussing leaving NATO, reveals silver heading to $80 and gold exploding into 2027, and issues an urgent warning to move money out of Europe before capital controls, gold/Bitcoin bans, and the coming Eurozone collapse by 2030. A must-watch update from the legendary forecaster who’s been advising governments for decades.
SILVER…
another after hours raid in progress.
…lather, rinse, repeat.
(yawn)
goldielocks @ 19:15 yes, I’ve heard of that Metaverse thingy….
I understand they changed its name to Gitmo and that’s where trump is sending many crooked government “retirees” since there is a huge demand for Soylent Green labor. And each one is being provided a free 6x6x6 plot/cube to share and enjoy with those whose lives they helped to destroy. KARMA at its best! SNG
A Theme
Ford’s electric hopes unravel as it pulls the plug on battery-powered F-150 after $19.5bn loss
Ferrett, sounds like those guys and your Mom-In-Law need some good advice, and IMO this is as good as it gets
GET SILVER AND GOLD PHYZ….in hand… It’s the only thing that is NO gamble, and It and lots of honest effort and hard work have made my life Silverngold!
Ferrett
What was that called awhile back when someone started up computerized digital land and people were actually buying up pretend land? Metaverse or something. I wonder what ever happened to them? Maybe they all got beamed up in the computer cloud somewhere and living in digital houses now on their digital land.
Eeos
I fully understand It’s an illegitimate substitute for physical possession of silver… I was just commenting on what is the significance is of the spread when it either narrows or widens… once all the exchanges that are primarily paper exchanges blow up because of the lack of physical, all the futures are going to be just like the ETFs. I was just wondering, what can we surmise when that spread starts moving and One Direction or the other? If everybody asked for delivery at Comex, it’s gonna be the same thing as if everybody asked for delivery of the ETFs… The Market is putting a premium on the futures, but we may be getting close to the time where it’s not even warranted because there’s very little to back up those either…. I wasn’t really trying to make any point. I’m just kinda like throwing out the thought that has been floating through my head and let it float through somebody else’s head..lol
The $64m question is, is anyone else buying bitcoin?
Today’s news; “MicroStrategy bought 10,645 bitcoins for about $980.3 million, raising its total to 671,268 bitcoins worth $50.3 billion, with an average price of $92,124 each.” which, with the current price now $86,300, is an almost instantaneous loss of nearly $64,000,000. Saylor must’ve been taking lessons from that epitome of buy high/sell low traders, my mother-in-law.
Looks like the university shooting could be a inside job.
Cameras showed a shooter looking around at certain places that killed Ella Cook a 19 yr old conservative and another student unnamed and one of the very few conservatives at the college. I hope that sends a message to these kids about what kind of party they’re being brainwashed by. Another no action by demos of even warning the students allowing the shooter to escape then having the audacity to say they’re safe. No action, no remorse, then antagonizing waste of time remarks. From the looks of it someone with information of the targets and the inside of the school was not discussed.
Silver bullet
Eeos actually has a point They’re famous for pulling reverse splits on people. So if you own them at least check them often for any R/S coming up.
Hi Silver Bullet
You need to understand those ETF funds are fake. Stay away from ETF’s, they were designed to take your money and offload hot money chasing the PM’s if you ask me. If you want a real Silver investment just buy WPM, HL, and AG on the dips. I used to think HL was dog crap and they were faking it, but I’ve owned it for a very long time and many things change.