The silver market is experiencing major structural stress — and analysts like Andrew Maguire believe we may be entering a new phase where physical demand finally begins to outweigh futures-driven pricing. With industrial consumption rising across solar, electronics, and advanced technology, while global supply remains relatively limited, the traditional system used to price silver is under increasing pressure. At the same time, physical market activity in Asia continues to grow, highlighting a widening disconnect between real-world demand and Western paper-traded markets.