Silver Recovers Further as Industrial Scarcity and Geopolitics Align

Structural Deficit

Global silver inventories at major exchanges are trending at 10-year lows. Industrial end-users in the photovoltaic and electronics sectors are increasingly competing with financial hedgers for physical delivery, creating a floor for prices.

Technical Momentum

Having crossed back above the 50-day moving average, silver is seeing increased interest from algorithmic trading desks, suggesting a potential move toward $90 in the short term.