Firstly, no.
Secondly, the reason why I bought some Silver ETN is because I want to ride this momentum, so that I can cash out in a few weeks and buy something with the earnings.
Very short horizon on this one
Discussion
I already did my research. China owns 60-70% of global silver supply. Silver is a high conductor and is in almost everything related to tech including the motherboards. Very important component of leading AI. Here's some findings. China is playing chess rn with limiting exports starting 1.1.26
https://blossom.primal.net/06fd176eaab388ecfa3602ec56f681af3242cb053934b97ecc3d3670493d8d5c.mp4
Although they control 60%, it's only because they refine 60%. They don't own it. The top producers are Mexico and Peru. If other countries could refine, China wouldn't corner the market.
Same for most things. China has worked to corner markets and dominate entire supply chains.
And kudos to them for that achievement, because they surpasse the next suppliers by a large proportion
Idk why but this feels like fake information.
Gold is used for HQ components and connectors, I'm sure silver is used as it's a cheaper high conductive metal vs gold.
For example, on a stick of ram, the pins are gold plated, not silver.
Tbh never hear of silver being used over copper or gold for connectivity.
First time I've seen this information, is it not AI hallucinations? Silver? Haha
Gold is a meme for electrical equipment. Silver actually is a better metal than copper but the but the cost usually outweighs the benefits
It's usually cost. And yes "gold plated" is a marketing gimmick rather than a requirement
I would put silver in the same category as platinum
Copper is literally better than gold
https://www.thoughtco.com/table-of-electrical-resistivity-conductivity-608499
Late to the party? http://blossom.happytavern.co/1e6cdc9aa30e924a250a3fc764417ce0af54f9b02a27b5a2f011fa985d46db31
Yip, but that's because silver is a secondary precious metal 😂 and imagine cycling returns on silver vs the opportunity cost in gold 😂