My thoughts on Silver price movements...23 May 2025

• Next to gold, silver is a precious metal. In addition to jewelers, it has many industrial application also. 
• Some used silver, less than ten percent, is recovered from discorded equipment. Current annual mining of silver lacks behind the demand by about 200 million Troy ounce per year, (one Troy oz is equal to 31.101 grams). 
• In pricing terms, traditionally one oz of gold bought about 70 oz of silver. Now that ratio is 100 to one, which will have to correct back to 70 to one range, meaning silver price has to move up by  at least 30 percent. Gold currently is trading about 3300 USD per troy oz and silver about 33 USD per troy oz. 
• some analyst compare the silver supply short fall to recent years short falls of Iridium industrial material, which had more than tripled in price in very short time. But this silver price multiplying can happen only after uncertainties due to erratic US traffic calls are done with, global war efforts cool down and global economies start moving up without other head aches like inflation, stagflation. 
• Chinese industrial demand will play a major role in determining the silver price movement. Many investment gurus like Jim Rogers had been calling to accumulate silver for medium to long term price gains. Patience like in any other asset holding is  needed to capture the silver price multiplying gains. 
• One problem is the storage costs due to physics size of silver compared to gold. Some financial institutions like UOB bank in Singapore charge around 0.64 percent in troy oz terms per year for silver stored with them. 
• If you have deep pockets, then consider silver investments for medium to long term. On commercial astrological basis, there is an identified correlation to Planet  Venus movement to silver price movement. If are able to identify correctly the effects of planet Venus movements and it's cross effects with other planets, there can be easier wins with silver buying. 
• I personally had experienced silver price jumping from 5 USD per troy oz to 50 USD per troy oz due to US Hunt brothers cornering global silver inventory. Back in late 1970s while my product line in my GE job in Singapore was using large quantities of silver, I had been tasked to reduce silver usage in my product lines, especially in electrical switch applications.
•  Another reason for silver price increase is silver mining costs are increasing in recent years. Silver mining like any other metal mining,  needs long term heavy investments. 
• Good luck investing in silver.
• C N Nachiappan, Singapore, 23 May 2025.