Looks like it.

Let’s list some facts:

Fuelled by a Reddit-induced buying frenzy, silver prices reached an eight-year high in February. Although that rally has slowed, demand for silver coins and bars remains strong.

A fresh survey published by The Silver Institute predicts a 33% climb in silver prices in 2021 to an average annual price of $27.30 per ounce.

And it seems like some investors are already preparing to profit from the potential price increase:

• A precious metals dealer from Singapore is building a vault capable of storing 15,000 tons of silver.
• The London Bullion Market Association (LBMA) said that, as of the end of March, a record stock of silver was stored in London vaults, representing an 11% percent increase from the previous month, or approximately 1,259,310 silver bars.

Will the silver frenzy strike again? We don’t have a crystal ball to say so.