Why Silver Still Hasn’t Seen the Real Mania | Craig Hemke

Negative real interest rates remain the primary macroeconomic catalyst driving gold prices higher, keeping the bullish thesis intact for investors.

Silver may be acting differently this cycle due to shifting physical demand from China and India, creating a structurally tight market despite low retail participation.

Mainstream investors still show minimal interest in mining shares, suggesting the current bull market in precious metals equities remains in its early stages.