According to @w_thejazz, silver underpins AI chips, EVs, solar and defense, and shrinking supply suggests the price should rise (source: @w_thejazz on X). Independent benchmarks show silver’s largest end-uses are electrical/electronics, brazing/solders and photovoltaics, with industrial demand at or near record levels in 2023–2024 (source: USGS Mineral Commodity Summaries 2024; The Silver Institute, World Silver Survey 2024). Photovoltaics has been the fastest-growing end-use and a key driver of consecutive market deficits since 2021 (source: The Silver Institute, World Silver Survey 2024). Not every AI chip or EV battery universally uses silver; rather, silver is primarily consumed in conductors, contacts and pastes within electronics and power systems across these sectors (source: USGS Mineral Commodity Summaries 2024; The Silver Institute, Silver in Electronics). On supply, global mine production has been broadly flat in recent years while recycling provides secondary supply that only partially offsets deficits (source: USGS Mineral Commodity Summaries 2024; The Silver Institute, World Silver Survey 2024). For trading, persistent industrial pull from PV and electronics alongside reported deficits creates a constructive medium-term backdrop for XAGUSD, while investment flows and rates still influence price volatility (source: The Silver Institute, World Silver Survey 2024).