Buy silver, page-2141

If it was just “suckers buying”, what exactly caused the price to rise?

Markets move because demand exceeds supply.

The article you posted literally states people were buying gold and silver for safe-haven reasons, which contradicts your claim that it wasn’t monetary demand.

Also worth remembering that silver today is seeing strong industrial demand from solar, electronics and electrification. That dynamic simply didn’t exist at the same scale during the previous cycles you referenced.

Calling buyers “sheep” isn’t really an explanation for price movements, especially when a large portion of demand now comes from industrial users.

If companies like Apple, solar manufacturers and EV supply chains are the “sheep”, then that’s probably the herd worth paying attention to.