Anon
10/19/25, 01:55No.519244425 The collapse of traditional film photography gutted silver's demand starting in the early 2000s, slashing annual consumption from over 200 million ounces at its peak to under 50 million by 2010, a drop of more than 75%. Silver nitrate and halides were essential for light-sensitive emulsions in film and paper, fueling a steady industrial base that propped up prices for decades. Digital cameras obliterated that market—Kodak's bankruptcy in 2012 marked the end—leaving silver's total demand 20-25% lower than it would have been otherwise. Today, that void amplifies silver's vulnerability to economic cycles, as its remaining industrial uses (solar, EVs, electronics) swing wildly, unlike gold's stable monetary role.