Silver is still my main conviction.
The upside potential there is absolutely insane.
BUTโฆ
in a commodity supercycle, I definitely wouldnโt underestimate copper either.
UBS now warns of a 520,000 MT copper deficit for 2026.
Bloomberg says copper is starting to trade like an AI stock.
And hereโs what many people miss:
Roughly 28% of global silver supply comes as a byproduct of copper mining.
So if copper supply tightens, silver supply can tighten even further too. ๐
Meanwhile the world is simultaneously trying to build:
โข AI data centers
โข power grids
โข transformers
โข EV infrastructure
โข military electronics
โข cooling systems
โข massive electrification projects
Civilization is becoming more metal-intensive, not less.
Yes:
โข physical copper is bulky
โข spreads can be higher
โข liquidity is lower than gold or silver
Those are fair criticisms.
But confusing โless convenientโ with โworthlessโ is not analysis.
Just for comparison:
The exact same investment copper piece cost me around CZK 998 on June 9, 2025.
Today it costs around CZK 1,780.
Thatโs roughly a 78% increase in less than a year. ๐
And weโre still talking about a metal many people mock as โuseless.โ
People laughed at silver for years too.
Right until physical metal started mattering again. โก
#Silver #Copper #Commodities #AI #SilverStackers #CopperBull #Metals #Inflation
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