As a hedge against inflation and store of wealth it's pretty hard to beat agreed.
As far as the laws of supply and demand go, the laws have become totally irrelevant to silver. If the laws had any relevance , silver would have been at least $200 an oz years ago. Bullion is the globalists pet hate. They can't kill it but they sure will punish the crap out of it for as long as it suits them and that as far as I can see is at least until the new global single currency system is in place.