Silver: What's Happening?
The bank is currently allowing the price of silver to reach $63 per ounce — this itself indicates that there is a severe liquidity crisis in the global market (especially in the REPO market).
This is a historical record that has never been seen before.
However, its biggest impact will be on ordinary people, as when you buy a new car, smartphone, or solar panel, silver is used in all of them — and the burden of rising prices will ultimately be passed on to the consumer.
AI Data Centers: The New Biggest Buyers of Silver
A very important point is that AI data centers require a large amount of silver.
Major AI data centers like Google and OpenAI need between 7 to 20 tons of silver!
Medium-sized data centers require 1 to 2 tons of silver.
And as AI grows, new data centers are being established, with further planning underway — and this means the demand for silver is increasing rapidly.
Annual Silver Production and Rising Demand
Approximately 25,000 metric tons of silver are extracted annually worldwide.
Only AI data centers will consume a significant portion of this.
This does not yet include:
Vehicles, solar panels, electronics, machinery.
Just talking about vehicles:
Each vehicle contains 0.5 kg of silver.
According to annual vehicle production, the automotive industry alone requires approximately 2 tons of silver.