Industrial and Strategic Status
The US designation of silver as a strategic mineral has highlighted its essential role in modern technology. Beyond its decorative value, silver is a vital component in electric vehicles and AI data centers. Because silver is often mined as a secondary product, production cannot easily ramp up to meet this sudden surge in high-tech industrial consumption.
Speculative Momentum
Speculative activity has dominated silver trading in December. Analysts at OANDA suggest that with gold hitting record highs, silver is seeing an 'overshoot' as investors chase the higher-beta metal. Some experts believe silver could climb toward $90 in the first half of 2026 if the current inventory tightness persists.