The new Samsung electric battery consumes 32.2 ounces of silver per battery.
Total demand of 16,000 tons or 466.7 mil ounces.
That’s 58% of 800 mil/yr total silver production.
Hope you’re not still short JP Morgan.
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SPOT : The spot price reflects Gold, Platinum, or Silver’s paper market value, but the real cost of bullion is higher due to dealer premiums, minting, shipping, and market demand.
SPOT PRICE :
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PHYSICAL : The actual price of physical Gold, Platinum, or Silver is always higher than the paper spot price. This is because the spot price represents the paper or electronic market value, not the physical metal in your hand.
PHYSICAL PRICE :
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