I suspect the number of hot wars is affecting reloading supplies and creating scarcity and scarcity is elevating prices. Then that same scarcity triggers hoarding, panic buying and profiteering by resellers on places like gun brokerIt happens in cycles. You arent wrong.
We've already seen several waves. And it hasnt fully ebbed yet. Like primers are still expensive. I dont expect them to ever get down to $30/1000 again, but if they were like most things they;d be back down to $45 or so. Ive never seen them that cheap.