The industrial component of silver deman has tended to punish the volatile "poor man's gold" in the past, but nice to see it acting as a precious metal especially after the repeatedly poor-and-getting-worse ISM numbers.
Of course, maybe Uncle Sugar is secretly making a lot more Tomahawk cruise missiles with that 30 lbs of silver in each one !
The US maintains a supply (reported) of 3500 Tomahawk missiles all the time. Some say that number is closer to 10,000. Other countries also maintain a supply. Great Britain, Israel, (they have their own version called Popeye), Turkey, South Korea.
Russia has their own versionas well as China.
The purported 500 ozs of AG in each would not dent the supply.
Only thang is, the cost (incl AG)of the missile now ranges upwards of $750k per.
Every time there's a skirmish, discussions arise about the impact on gthe price of AG.
There is none, cept for the impact war has on PMs separately as a safe haven.
Now, the Lone Ranger and werewolf hunters are a different story.