Competent Man Podcast The Silver Roundtable with Bob Coleman, David Morgan, Steve St. Angelo, Vince Lanci, & Tom Bodrovics
Nov 12, 2025
Join industry heavyweights as they delve into the current silver landscape. David Morgan reveals the implications of silver's critical mineral designation, while Bob Coleman discusses the tightness in the London market and potential short squeezes. Steve St. Angelo highlights China's export restrictions and the rising industrial demand, particularly in solar. Vince Lanci explores ETF dynamics versus mining stocks, shedding light on the evolving market strategies. Expect insights on geopolitical influences and what’s next for silver!
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Critical Minerals Designation Signals Policy Shift
- The U.S. adding silver to the critical minerals list signals policy moves to secure supply and rebuild domestic capacity.
- Speakers debate whether this will prop prices to support domestic mining or enable strategic stockpiling.
Production Hasn't Recovered While Demand Soars
- Silver mine production remains well below its 2015 peak while industrial demand has grown sharply.
- That persistent production shortfall amplifies the risk of physical tightness as industry and investment draw on supplies.
Industrial Demand Can Eat Mine Output
- Analysts show current mine output is largely consumed by industrial demand, leaving little for investment without drawing down stocks.
- That dynamic means above-ground inventories are the key swing factor for price discovery.
