Industrial demand for silver - thoughts on its future impact on spot prices?

• •My main goal has always been wealth preservation, especially with the economic instability we've been seeing.
• •This isn't just some speculative play; these are tangible, growing sectors.
• •The question is, how much of that demand is already priced into the current spot?

Been thinking a lot lately about how the industrial side of demand for silver is going to play out in the long term, especially for those of us holding physical or in a Gold IRA. I’ve had a significant portion of my retirement portfolio in precious metals for years now – probably around 15-20% of my roughly $750k portfolio is in gold and silver, with the silver being mostly allocated through my IRA. My main goal has always been wealth preservation, especially with the economic instability we've been seeing.

Historically, gold has been the go-to for inflation hedging, but silver's dual role as a monetary metal and an industrial commodity always intrigued me. With all the talk about green energy, EVs, solar panels, and the push for electronics, it feels like industrial demand for silver is only going to skyrocket. This isn't just some speculative play; these are tangible, growing sectors. The question is, how much of that demand is already priced into the current spot? And how quickly can supply respond if these industries really take off as projected?

I remember looking back a couple of years ago when silver was sitting around $20-$22 an ounce, thinking it was a steal given its industrial utility. Now, we're bouncing around, and while it's much better than it was, sometimes it feels like the "industrial demand" factor gets overshadowed by macro-economic sentiment or gold’s movements. For anyone else who is predominantly focused on wealth preservation, how are you weighing this industrial component when you look at your overall silver allocation? Do you think the market is underestimating it in the long run?

I’m particularly interested in hearing from folks who have been in this space for a while or who have a deeper understanding of industrial supply chains. From my perspective here in Philly, balancing my legal practice with keeping an eye on my portfolio, it feels like this could be a major tailwind for silver that perhaps isn't fully integrated into current valuations. Any long-term projections or insights would be greatly appreciated.