The bull market looked like this



The last time precious metals surged was in 2011

The 2011 bull market was driven by global quantitative easing

This year is entirely led by industrial demand and national purchases

The development of the AI industry has caused silver to run consecutive deficits

This year, the buying power of precious metals has undergone a structural change

China, India, Germany, and Japan are all sweeping spot markets

The US has also started accumulating on a large scale

Excellent hunters remain the calmest when the prey is at its craziest
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