Rob Kientz breaks down the Silver Institute and CPM Group estimates, revealing why neither can definitively account for how much silver remains available for investment after decades of industrial use. He warns that the financialization of silver through ETFs, leases, swaps and other paper claims makes the true supply picture even harder to determine. Kientz also raises alarms about growing risks in real estate, Treasury markets and inflation, arguing that a major financial shock could send investors scrambling for gold and silver. Despite acknowledging that there may be more investable silver above ground than many believe, he remains highly bullish on precious metals and says the uncertainty itself could drive significantly higher premiums.