Jeff Park is not optimistic about the investment value of silver 1. Supply side: Lacks active adjustment capability - Byproduct nature: Silver is mostly a "bonus" when mining metals like zinc and copper. Miners won’t increase production just because silver prices rise, nor will they stop production if prices fall. - Ample supply: Compared to Bitcoin’s scarcity, the potential supply of silver is vast, making its price easily pressured by oversupply. 2. Demand side: Highly replaceable - Not the only choice: While silver has excellent conductivity and is often used in AI and solar energy fields, copper’s conductivity is only about 5% lower. - Cost sensitivity: If silver prices rise too high, industries will quickly switch to cheaper alternatives (like copper), limiting its price ceiling. 3. Financial attributes: Awkward positioning - Not a reserve asset: Global central banks generally don’t hold silver as reserves, and it lacks the "hard currency" backing that gold has. - "Altcoin" effect: Silver is highly volatile, with its price heavily dependent on gold’s movements, making it hard to sustain a long-term premium. Key conclusion: Silver is more like a high-volatility, easily replaceable industrial commodity rather than a reliable store of value. If you’ve already made a profit, consider reallocating funds to assets with greater scarcity (like Bitcoin).