Bottleneck: Deep Dive into Silver Supply-Chain Problems

Demand Displacement is here

TL;DR— Silver Supply Chain Risks

• Demand displacement, not destruction: Demand falls when access, pricing, or market mechanics break down, even though underlying desire to buy remains. This can be temporary or become structural if disruptions persist.

• Two failures at once: Gold faces volatility-driven demand displacement as options become unusable; silver is developing physical supply-chain displacement due to refinery bottlenecks, cash constraints, and inventory breakdowns.

• Market consequence: With risk-transfer tools impaired and physical channels blocked, participation drops, prices grow unstable with fat tails, and speculative positions are exited. Markets are already pricing this as current, not hypothetical.

Here is the transcript and visual aides to a voice recording shared with Founders recorded Friday morning 6am. Includes dealer pics