In addition to the relationship between silver inventory and price, there are other factors that will also affect the price of silver:
The price of silver can also be judged by referring to the price of gold. Under normal circumstances, the prices of gold and silver go up and down together.
The dollar moves in the opposite direction to the silver price.
Economic and political changes will also affect prices.
Output and demand of silver.
Summary: The price of silver is related to many factors. We should not only look at the stock of silver, but also predict the price of silver by combining various factors.