Things people aren't realizing: Most SILVER mining is a byproduct of copper and zinc mining. There's almost no silver mining that happens on purpose as a primary target. Copper and zinc mines use SULFURIC ACID to strip those elements out of raw ore. (The acid dissolves the metals into solution, where they can be poured off, living the raw ore behind, essentially.) The war on Iran has collapsed the world's sulfur flows out of the Persian Gulf. Without sulfur, copper and zinc mining nearly collapse. Without copper and zinc mining, silver production plummets (obviously). This is where we are right now in late 2026. The main reason silver isn't exploding in price right now is because the same war that impedes sulfur flows is also impeding the energy flows used by manufacturing industries that demand silver as an input. (Simplified explanation, but largely valid.) Plus, of course, paper manipulation of silver markets by governments / central banks. When industry does come back online at full speed, sooner or later, the above-ground silver supply will be drastically thin. What do you suppose will happen to silver prices at that time? Almost nobody realizes that silver production depends on sulfur shipments out of the Persian Gulf. Now you know.