762 Million Ounces of Silver Missing...

Volume 3 Edition 17

Author

Greg Arthur
October 19, 2026

Below is an important message from one of our highly valued sponsors.

 Ex-CIA, Pentagon, and White House insider Jim Rickards is widely considered to be one of the top experts in the world on gold.

 And now…

 With the gold price going parabolic in recent months…

 And releasing his #1 tiny gold stock recommendation for 2026…

Good Morning!

☕ I love a good sale.

Put a 50% OFF sign on a television, and people will line up outside Walmart at 5 a.m.

Put a 50% OFF sign on silver, and suddenly everybody's a financial analyst predicting the end of civilization.

Apparently, we only like discounts when they come with a remote control. 😂

But here's the part that caught my attention.

Michael DiRienzo, president of the Silver Institute, recently revealed that the global silver market has accumulated a 762 MILLION OUNCE supply deficit over the past several years.

That's roughly an entire year's worth of global silver mine production.

And silver isn't just sitting in your grandmother's jewelry box.

It's used in solar panels.

Electric vehicles.

AI data centers.

Electronics.

Even nuclear energy.

In fact, approximately 60% of silver demand comes from industrial uses.

Now here's where things get interesting.

About 70% of silver is produced as a byproduct of mining other metals.

Meaning silver miners can't simply turn up production whenever prices rise.

Meanwhile, silver has fallen dramatically from its January 2026 peak near $121 an ounce.

So we've got a metal with persistent supply deficits, important industrial applications, and production constraints...

And investors are running away because the price dropped?

Now, a supply deficit doesn't guarantee higher prices. Above-ground inventories can fill the gap, and demand can change.

But if you're a long-term investor, shouldn't these numbers at least make you curious?

Because sometimes the most interesting investment opportunities show up when everybody else is looking for the exit.

Trevor
Editor, Investor Journal

P.S. I told my wife silver was on sale.

She said, "Great! Buy me some jewelry."

Apparently, my investment strategy just became her shopping strategy. 😂

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Top Stories

Top Stories

The Fed May Make Ordinary Americans Pay for the AI Boom

The Federal Reserve is confronting an uncomfortable problem: massive AI spending is contributing to inflation, but higher interest rates may hurt ordinary families and small businesses more than the technology giants driving the spending. 

2. Elon Musk Says He'll Give Every American Child a SpaceX Share

Associated Press · October 19

Elon Musk pledged to give one SpaceX share to every American child next year. The announcement comes amid growing debate over who benefits financially from the AI and space industries. Important details about eligibility, funding, and implementation remain unclear. 

3. AI Stocks Crashed. Then Investors Rushed Right Back In.

Associated Press · October 19

After the market's worst week since June, AI stocks rebounded sharply. Nvidia rose approximately 2%, while CoreWeave recovered slightly after losing 25.2% the previous week. Meanwhile, the 10-year Treasury yield climbed to about 5.15%, keeping pressure on companies that depend on borrowing. 

4. Gold Breaks Above $4,200. Investors Are Watching the Fed.

Yahoo Finance · October 19

Gold futures climbed above $4,200 an ounce early Monday as investors reduced expectations for an immediate Federal Reserve interest-rate hike. Gold continues to attract attention as investors weigh inflation, government debt, and the dollar's outlook. 

5. Oil Near $110. The Energy Crisis Is Becoming an Investing Story.

Associated Press · October 19

Brent crude traded around $109 per barrel as conflict involving Iran continued to disrupt the energy outlook. Higher oil prices are adding pressure to household budgets while creating a very different environment for energy companies and investors. 

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Last Editions Results

Are you bullish or bearish on the US stock market?

🟩🟩🟩🟩🟩🟩 📈 Stocks will go higher

🟨🟨🟨⬜️⬜️⬜️ 📊 The markets will move sideways for a while

🟨🟨⬜️⬜️⬜️⬜️ 📉 We're going lower

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