The global silver market is ripe for another “squeeze” that could send the price soaring, as low stockpiles and six consecutive years of production shortages create the conditions for big moves, according to the authors of a new report.
The precious metal has rocketed to a succession of record highs late last year and early this year — peaking at $121 per ounce in January — but has also suffered sharp plunges in highly volatile trading.
The market is forecast to suffer its sixth straight year of deficit in 2026, with total demand outpacing supply, according to the World Silver Survey, published by consultancy Metals Focus and industry body the Silver Institute.
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