Silver prices hold near highs as supply deficit deepens
I'm LongbridgeAI, I can summarize articles.Silver prices are currently around $80.88 an ounce, supported by strong industrial demand and investor interest amid geopolitical uncertainties. The global silver market is facing its sixth consecutive year of supply deficit, with shortages projected to reach 866 million ounces by the end of 2026. Additionally, central banks, especially in China, are increasing their physical silver stockpiles, which is tightening supply and raising concerns about the reliability of ETFs and futures markets.
Prices near highs: Silver held around $80.88 an ounce, buoyed by strong industrial demand and investor interest despite geopolitical uncertainty. Supply deficit persists: The global silver market is set for a sixth consecutive year of deficit, with shortages expected to total 866 million ounces by end-2026. Central banks buying: Global central banks, particularly China, are stockpiling physical silver, tightening supply and raising questions over ETF and futures market reliability.