Why Silver Could Be the Most Mispriced Asset on Earth
Why Silver Could Be the Most Mispriced Asset on Earth
Miles Franklin Media: 3-8-2026
Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, breaks down why silver may be the most undervalued asset in the world right now – despite surging demand across energy, technology, defense, and finance.
Silver is essential to modern civilization. It powers solar panels, electric vehicles, semiconductors, AI infrastructure, medical technology, aerospace systems, and advanced military equipment.
Yet even after a major rally, silver still trades far below its inflation-adjusted highs and may be dramatically mispriced relative to its strategic importance.
At the same time, global inventories are shrinking, industrial demand is accelerating, and physical silver is migrating from Western vaults to Eastern manufacturing economies. Meanwhile, the paper derivatives market continues to dominate price discovery, creating a widening gap between physical supply and financial claims.
Is silver becoming one of the most strategically important metals in the world?
In this special Real Story episode, Michelle Makori examines the powerful forces converging in the silver market and why some analysts believe the metal could be dramatically undervalued.
In this episode of The Real Story with Michelle Makori:
The global silver supply crunch
Industrial demand from AI, EVs, and solar
Why silver is critical to national security
COMEX and LBMA inventory declines
Paper silver vs physical silver markets
Silver’s role as a monetary metal
The inflation-adjusted price of silver
Why some believe silver is historically undervalued
00:00 Silver Market Shock
01:28 Silver Dual Role
02:17 Industrial Demand Surge
02:57 Recycling Supply Drain
03:22 Military Silver Hunger
06:04 Critical Mineral Status
06:41 Mining Supply Limits
07:45 Inventories Shift East
08:42 Paper Market Cracks
10:16 Silver as Money Again
11:43 Inflation Adjusted Upside
12:40 This Is the Real Story