Silver Supply Crisis Deepens: Sixth Consecutive Year of Deficit Expected

Silver prices are finding support at $71.20 per ounce and moving toward the $75 range, as market balancing efforts continue. According to Silver Institute data, the supply deficit is expected to occur for the sixth consecutive year in 2026, increasing by 15% year-on-year to reach 46.3 million ounces. A 0.3% decline in global mine production and declining inventories are constraining supply, while demand from artificial intelligence, data centers, and electric vehicle sectors supports the market. These developments are raising the potential for a new rally in silver. This is not investment advice.