I actually disagree on this one (my opinion, but not based on nothing). Silver is one of those industrial materials that is preferable, but not absolutely necessary. Like gold, which is better than copper for use in electronic circuitry, but the high cost mean it's only used a small number of components where its better performance justifies the cost.
There was a point a few years back where China supplied almost all industrial rare earth materials. The country tried to leverage its position but to little effect because companies switched to alternative materials.
In particular, advances in carbon nanomaterials could be disruptive to silver's use in industry (a recent study looking at the available literature concluded that carbon nanomaterials could potentially fill the role of pretty much all rare earth materials, apart from the jewelry sector).
In industrial terms I actually think platinum has much more growth potential because it's so useful as a catalyst for lots of applications beyond just catalytic converters on cars.
Just my thoughts, feel free to disagree 🙂
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