Coax shielding is crucial for maintaining signal integrity by preventing external electromagnetic (EM) waves from interfering with the inner conductor's signal. While the outer shield primarily carries return currents, it is possible for unwanted currents to flow on the shield without affecting the inner conductor due to ground loops. The coaxial design effectively guides EM waves, with the voltage and current resulting from the boundary conditions of the electric and magnetic fields. At lower frequencies, EM waves can penetrate the shield, potentially inducing currents in the inner conductor, which can complicate signal integrity. Understanding the balance between differential and common mode currents is essential for effective coaxial cable use.