Silver Market Continues Sixth Year of Shortage

The silver market is expected to remain in shortage for a sixth consecutive year in 2024. According to data from the Silver Institute, this situation is attributed to rising global demand and tightening supply. The primary driver of the shortage is strong demand for bars and bullion. Investors and collectors continue to view silver as a safe haven. Industrial usage also supports demand. On the supply side, declining mining production and limited reserves are prominent. Rising production costs reduce the profitability of new output, further constraining supply. These dynamics indicate that the silver market will continue to experience a shortage. This is not investment advice.

📊 SILVR — Piyasa Yorumu

▼ down · 55%

The persistence of a six‑year‑old short position in the silver market may intensify selling pressure among investors. Technical indicators, however, suggest a slightly stronger short‑term trend: the SMA20 is above the SMA50 and the RSI sits at 48.9, indicating that the market has not entered an oversold region. Nonetheless, the MACD remains just below its signal line, hinting at a possible short‑term correction. Consequently, a modest decline or a retracement over a 1–3‑day horizon is expected. Investors are advised to review their positions in light of their risk tolerance.

RSI 14

49.0

MACD

0.00

24h Δ

0.80%

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