Silver Market Faces Sixth Consecutive Year of Supply Deficit, Growing Fragility
The silver market is experiencing a sixth consecutive year of supply deficits, with the 2026 shortfall expected to rise by 15% compared to 2025. Cumulative inventory drawdowns since 2021 have reached unprecedented levels, depleting COMEX and London vaults, and increasing risks of market squeeze and volatility. Despite recent price increases, the underlying supply issues are not reflected in the price chart.
Topics: commodity demand investment trends market volatility silver supply deficit