500% Increase in Silver Demand! China Just Declared War on Your Gold & Silver - Andy Schectman

According to an article published by the Jerusalem Post, surging demand coupled with declining mine output "could have far-reaching implications for markets, investors, and industries reliant on the precious metal."
Industrial demand for silver set a record of 654.4 million ounces in 2023, and it is expected to hit new highs this year. According to The Silver Institute, ongoing structural gains from green economy applications underpinned this surge in silver demand.
Owner of Miles Franklin, Andy Schectman, warns that surging industrial demand could make silver scarce by 2025, especially with military demand often overlooked. Regarding the ongoing trend of China's and India's aggressive silver buying, Schectman predicts rising prices due to increased demand, especially after India's recent import duty cut. India imported a record 4,172 metric tons of silver from January to April, up from 455 tons in the same period a year ago, said a government official, who declined to be named as he was not authorized to talk to the media.
Despite ongoing market suppression of silver, Schectman warns that it can't last forever, as rising interest rates may trigger a financial reset, potentially leading to hyperinflation.
Based on fundamentals, Schectman suggests that revaluing gold to 20,000 dollars per ounce, as proposed by some officials, could inject trillions into the US Treasury. Given past market behavior, he predicts this move could drive gold prices even higher, reaching 120,000 dollars per ounce, as such dramatic increases are ultimately realistic. If the US government had full control over what it had long claimed, a reserve of 8,133 tonnes of gold and gold revaluation could also support the creation of a lot of money.
Andy Schectman warns that the LBMA is facing its lowest silver levels in 140 years, as global players are using the West's market manipulation against it. Viewing silver as a strategic metal vital for military and industrial use, he is concerned about ongoing price manipulation by major banks, which could lead to a financial collapse or severe losses for hedge funds.
Combined silver in LBMA vaults and ETFs can be considered the above-ground, free-floating inventory of silver, currently about 1.5 billion ounces, which may be lower due to possible double counting. According to LBMA estimates, the cumulative demand draw to balance the silver market by 2030 will exceed 2 billion ounces. Within a few years, we will be heading toward a silver squeeze, and we can expect prices to rise.
Renowned analysts, including Schectman, point out that BRICS nations are increasingly demanding physical delivery of silver, hence shifting the market's power to exchanges in Shanghai, Moscow, and Dubai. He mentions that the West's ignorance about silver's true value enables this ongoing manipulation but warns that this situation cannot last indefinitely.

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