Silver Squeeze on iPhones?
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Is the Silver Squeeze going to jack up iPhone prices? Probably, and it wouldn’t just be smartphones that see a jump.
So what’s going on? Basically people are suddenly afraid that real silver is running out. This affects electronics because silver is used in just about every electronic device we use. If the price of silver goes up then so too will the electronics that use it.
But why now? The organization, (the London Bullion Market Association or “LBMA”) that dictates what silver should cost is having crisis of confidence and buyers are worried it can’t actually deliver physical silver. This has “frozen” trading and silver prices have jumped quite a bit in the last couple of weeks. If the trend continues it could start effecting retail electronics soon.
Do you think the silver squeeze will affect the price of iPhones? Let me know in the comments and check out our Substack at WorldBriefZMC for the deep dive.
