There doesn't seem to be much of a (new) demand: https://silverinstitute.org/silver-supply-demand/ https://silverinstitute.org/silver-supply-demand/ This could

There doesn't seem to be much of a (new) demand: https://silverinstitute.org/silver-supply-demand/ https://silverinstitute.org/silver-supply-demand/ This could just be speculators driving up the price...