Rick Harrison, co-founder of the Gold & Silver Pawn Shop and star of “Pawn Stars,” has raised concerns about a looming silver shortage driven by increasing demand from technology and renewable energy sectors. He reported that silver is selling rapidly in his shop, highlighting a structural deficit in the market with a 200 million-ounce annual shortfall. Harrison noted that most silver production is a byproduct of gold and copper mining, and there are few new silver mines being developed. Despite recent price fluctuations, he remains optimistic about silver and gold as solid investments due to ongoing demand from central banks and retail investors.
Want More Context? 🔎
Loading PerspectiveSplit analysis...
