The Silver Institute has compiled a list of some of the metal's possible usages. How about silver bandages that literally heal our wounds, along with providing a protective covering? For cancer patients, scientists are working on silver "micro-cubes" -- which could be planted beneath the skin, "hunt down" tumors, and then could be triggered beneath our skin (with laser light) and their chemotherapy "payload" then directly unleashed inside these tumors. Such targeted use of chemotherapy should not only result in higher cure rates, but also reduce the extremely unpleasant consequences of chemotherapy.
As I have stressed in previous commentaries, beyond the massive quantities of silver that will be demanded for these countless uses, it is the fact that silver is generally consumed in trace amounts that assures that the price of silver is headed to a three-digit number some time this decade.
Because silver is used in such minute amounts, this means the price of silver could literally increase tenfold -- and only have a tiny impact on demand for many of these large-scale uses. For example, silver represents only 1/40,000th of the total inputs in polyester sportswear, by weight, and there is no possible substitute.
What this means is that unlike the supply crunch that is coming for the gold market -- and which will (eventually) take gold to several multiples of its current price, when the (imminent) silver supply crisis hits, we can expect the price of silver to increase to several times its current price virtually overnight.This will come from a combination of two factors. First of all, current inventories have been exaggerated (by 300%) through the incredibly transparent sham of adding all the bogus, banker-paper of the silver "bullion-ETFs" to "official inventories." This has occurred despite the fact that all of this silver is (by definition) privately held (and thus not for sale) and despite the fact there is no proof that this "ETF silver" even exists (see "Your ETF-silver is For Sale").