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To start off this conversation let's go with the simple economic idea of correlated assets, which in practicality for most people is probably going to center around the idea of a binary market state of things like expansion and contraction, inflation or deflation, boom or bust, and trying to hedge around that.
Gold and silver as a form of insurance for economic collapse are pretty well known so no need to talk about it, while in economically stable times people don't utilize the brain cells to comprehend what they are and just use whatever the government says is amazing instead. This seemingly tilted the monetary noble metals group towards hot and cold phases in relation to specific economic activity.
The new solid state battery using silver supposedly uses 30 ounces. I think that amount will be reduced a lot, but we'll get to whether that actually matters later. Nobody actually knows the real number, but for years I've heard there's only 2-2.5 billion above ground investment grade silver ounces around (i.e. .999). AI bots all of a sudden are high-balling that amount up to 3 to 3.5, but it's still not much difference if true.
If you can do kindergarten math, then only building 80 million cars with this battery wipes out just about all silver bullion and coins. That's without getting into things like phones, ipads, boats, random military lunacy, etc. Even if you reduce the amount of silver used 10x, it's still insane.
Electric car batteries are already enormously expensive, and I'm not an expert on this subject but I'd say even at $200 an ounce demand would probably still be infinite for this application. So the economy collapses, silver skyrockets. Economy doesn't collapse, silver skyrockets.
Some say it's overvalued right now, but if you have some and dump it, what actually exists that isn't even more overpriced like stocks, real estate, and so on? Can something be overpriced if everything else is even more overpriced?
Unless you're Nostradamus and know when the brief pullbacks are, how are people shorting this thinking it's a good idea? To win, you would need deflationary collapse where cash becomes more valuable, but T-bills are being dumped and Trump says he's going to "run it hot," which is the exact opposite.