Loading ...Stagflation and this…if you don’t like silver here, you’re a permabear.
Silver Market Faces Sixth Consecutive Year of Deficit as Stockpiles Fall
Analysis of Silver Market Trends and Outlook
Ongoing Deficit and Market Dynamics
LONDON, April 15 (Reuters) – The silver market is heading for a sixth year of structural deficit, with 762 million troy ounces drawn from stocks since 2021, raising the risk of a renewed liquidity squeeze despite weaker demand expectations, the Silver Institute and consultancy Metals Focus said on Wednesday.
Silver, used in jewellery, electronics, electric vehicles and solar panels as well as for investment, is down 35% since a bout of frenzied retail buying – following a 147% surge in 2025 – drove prices to a record high of $121.6 an ounce in January.
Forecasts for Supply, Demand, and Market Balance
The global silver market deficit is expected to widen to 46.3 million ounces in 2026 from 40.3 million in 2025, even as total demand falls 2% due to weaker industrial and jewellery consumption, partly offset by stronger coin and bar demand, the research showed.
Industrial silver fabrication is forecast to fall 3% to a four-year low with the Iran war’s damage to global growth threatening further downside. By contrast, coin and bar demand is seen rising 18% supported by a recovery in the U.S. buying.
Total global silver supply is forecast to decline 2%, reflecting producer hedging normalising after jumping in the second half of 2025.
TOTAL SUPPLY 1,019.6 1,090.4 1,066.4
TOTAL DEMAND 1,157.4 1,130.6 1,112.6
https://www.globalbankingandfinance.com/silver-faces-sixth-year-deficit-stock-drawdown-raising/
“if you don’t like silver here, you’re a permabear”
No, you are a chart technician, and not a rear view accountant.
What’s your downside, and what’s your upside? Risk v Reward….reward is much higher than risk here. 60 v 120, I’ll take the reward over the risk. And what do you think drives charts? Macro….this is a macro data point, imho.