Yes - the evidence increasingly points to a supply-led rally taking shape across key metals. Silver inventories have collapsed to multi-year lows, while copper production in Chile, the world’s largest supplier, continues to fall even as prices remain historically elevated. This is not a sugar rush. It is a structural squeeze. When prices rise alongside shrinking stockpiles and weakening output, markets tend to quickly reprice risk. Silver and copper now sit at the centre of that adjustment, with physical availability, not speculative appetite, setting the tone for what comes next. What’s driving the tightness in ... (full story)