But where is that demand coming from? Silver prices didn't go up when we switched to silver solder. The only reason for silver to have been rising in the last few years is speculative demand because there are no new large scale applications or scaled uses that line up with price changes. Yes demand is up, but not from using that much more silver in things, but to hold onto silver as an investment or to hedge against inflation. Just like how golds industrial value is not nearly as high as its speculative value, but industrial users still have to pay the price that speculators are paying to get it.