A new analysis posits that the use of silver by the military may be significantly higher than demand from investment, solar panels, and electronics combined. These findings raise questions regarding transparency of the metal’s demand data, with a new discovery showing that the U.S. turned 1,000-ounce silver bars obtained from the West Point Bullion Depository into cylindrical billets and made magnetic coils from them.
Experts also found that five federal agencies, such as the U.S. Geological Survey, Department of the Interior, Department of Energy, and Department of Defense stopped giving reports on the metal’s inventories in the late 90s. Actions like this have many investors raising concerns about…
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