An Anti-Imperialist Case for Investing in Physical Silver
PJ Cornell
Abstract
This paper argues that physical silver has become a strategically significant commodity at the intersection of global industrial production, geopolitical competition, and financial hegemony. It contends that persistent structural supply deficits, the inelastic nature of silver production, rising industrial and military demand, and the extensive use of leveraged paper derivatives have produced a growing divergence between the market price of physical silver and its underlying strategic value. From this perspective, the accumulation of physical silver is presented not merely as an investment strategy but as a form of anti-imperialist economic resistance capable of constraining the material resources available to hegemonic powers while potentially transferring economic leverage toward working-class actors. The paper further situates these developments within the broader crisis of the U.S.-led liberal financial order, arguing that a breakdown in existing price-discovery mechanisms could fundamentally reshape global commodity markets and the political economy of strategic resources.
Keywords
Silver, Anti-Imperialism, Commodity Markets, Financialization, Strategic Minerals
