Silver prices have been on a rollercoaster ride over the past weeks, probably also fueled by social media activity. However, we think silver has solid fundamental support at these levels and risks over the medium-term are strongly skewed to the upside. Four years ago, we presented our silver price framework in which we attempted to identify the fundamental drivers of silver prices (Silver price framework: Both money and a commodity, March 9, 2017). In summer of 2019, we published a report and revisited our silver price model. In that report we concluded that silver prices have “explosive upside”, (Silver prices with ... (full story)