Half monetary asset, half industrial input — which is exactly why silver breaks more models than any other metal. This page is the live front door to everything OunceDesk knows about it.
Supply & demand — the balance the headline hides
From our bottom-up model of the silver market, 2020–2035 — AI demand triangulated, solar thrifting mapped, float mechanics explained. Read The Silver Bottleneck →
Physical market
The paper price is set in London and New York; the physical market speaks through premiums — and in stress, through lease rates and backwardation. October 2025 demonstrated the sequence: lease rates above 30%, metal flown between continents, and a 45-year price record, followed within months by rebuilt vaults and full contango. The Stress Index (right) compresses those plumbing signals into one number. Live dealer premium comparison arrives with the Deal Desk.