BofA has updated their silver price target to $135+. Factors driving the target: 1) supply deficit is real. Silver mining globally is about 815 million oz and not increasing. The best deposits are already depleted. 2) Mining industry is struggling to maintain current levels of production. Most mines are in decline, fewer new mines in the pipeline to replace old mines. 3) industrial demand for silver keeps growing. Solar panels, 5G, computer chips, Ai infrastructure, ev batteries …(Wall Street Mav)