Thanks for reading. I’m still a student piecing together insights from articles like Campbell’s and my own intuitive inquiry.
Your comment helped me crystallize something: the price divergence I’m seeing reflects the tension between two speeds. The derivatives market moves on financial narratives versus physical scarcity moving on industrial physics. The paper layer can ignore physical reality for a while, but eventually the gap forces repricing.
And now I truly understand inelasticity, not just the definition, but why it matters. When demand is structural (solar must have silver), price suppression through paper contracts only works until it doesn’t.
Appreciate you taking the time to validate what I was sensing but couldn’t yet articulate clearly.
Thanks for reading. I’m still a student piecing together insights from articles like Campbell’s and my own intuitive inquiry.
Your comment helped me crystallize something: the price divergence I’m seeing reflects the tension between two speeds. The derivatives market moves on financial narratives versus physical scarcity moving on industrial physics. The paper layer can ignore physical reality for a while, but eventually the gap forces repricing.
And now I truly understand inelasticity, not just the definition, but why it matters. When demand is structural (solar must have silver), price suppression through paper contracts only works until it doesn’t.
Appreciate you taking the time to validate what I was sensing but couldn’t yet articulate clearly.