Silver's Coming To Double-Trigger A Shotgun Price Explosion

Even in the competitive hunting/shooting community, few enthusiasts know about an arcane rifle known as a "double-trigger shotgun." Essentially, it's a double-barrel shotgun having a trigger for each barrel.

This was an early day's design with the triggers located inside the trigger guard, back to front. It was possible to press both triggers at once, causing a double discharge, though for the most part this was not a good idea – since it caused twice the recoil, and was hard on both the shotgun and the shooter – especially if not anticipated.

Though this essay is not about shotguns, but rather silver, the above concept provides a perfect analogy for what I believe is in store – a double discharge for both silver demand and price in the reasonably near future!

In a recent talk, David Morgan succinctly summed up this evolving silver industrial demand dilemma, saying:

More than gold, silver is vulnerable to supply shortages due to its crucial role in our high-tech society. Consider the emerging technology of 5G phones. Most phones on the market today are not equipped to handle 5G technology, but as the global trend shifts towards integrating 5G infrastructures, it will not be long before new phones are produced to accommodate it.

And these new phones will need silver: approximately 88 Million ounces of it. Do not underestimate the demand for silver just because its supply now appears to be plentiful.

As much as we hear the gold story, it truly is silver that keeps the economy running. Oil may be far more important than silver, but that does not negate the fact that we need silver to continue to operate in today’s world. The banking system cannot run without computers as there is silver in their computers. And we cannot exchange information without the silver as it is required in all communication landlines or wireless.

Silver is more critical than most people ever consider because it is ubiquitous. It is everywhere, in a very small amount. Every day, we handle little silver fragments, and we never even think about it—food for thought.

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