“Silver investment demand is exploding in recent months, skyrocketing higher in wildly-unprecedented fashion! That has catapulted silver sharply higher since mid-March’s COVID-19-lockdown stock panic. Accelerating even in this usually-weak summer season, the massive capital inflows deluging into silver show no signs of abating. This is very bullish for silver, yet most traders remain unaware it is happening.”…..

“As of the middle of this week, SLV held a stupendous 516.1m ounces of physical silver bullion in trust for its shareholders! That is by far an all-time-record high, dwarfing everything ever seen prior to this past month or so. Since mid-June alone, the dreary heart of silver’s summer doldrums, SLV’s holdings have soared 9.1% or 43.2m ounces. American stock traders are pouring into silver like never before in SLV’s history.

And that’s saying a lot. Back in spring 2011, silver soared parabolic in one of the violent crazy-lucrative manias this metal is famous for. In just 6.2 months into late April, silver skyrocketed 109.1% to $48.43 per ounce! Days before that euphoric peak, SLV’s holdings blasted to a then-record 366.2m ounces. They didn’t edge above that towering record again until 5.5 years later in October 2016 early in today’s bull.” ……..

“They also cited silver’s rampant undervaluation relative to gold. My last essay on that came in early May, and I need to update that thread. In a nutshell for today, mid-week silver at $19.45 traded at just 1/93rd the price of gold. It took 93.1 ounces of silver to equal the value of a single ounce of gold. That hit an apocalyptic all-time-record low for silver of 124.1x during the stock panic, and averaged 81.1x in this silver bull.

If fund managers are waiting for silver to mean revert higher and overshoot relative to gold, they aren’t going away anytime soon. The historical average Silver/Gold Ratio is closer to 55x. At $1800 gold, that implies silver challenging $33! The funds aggressively adding silver positions will likely stay in and ride them for some time to come. And their buying forcing silver higher will attract in more traders in a virtuous circle.”

https://silverseek.com/article/silver-demand-exploding