Silver Surges Toward Ninety Dollars on Intense Industrial Supply Squeeze

The 2026 Deficit Supercycle

The Silver Institute has updated its 2026 forecast, projecting a staggering 240 million ounce deficit. With industrial demand from the AI hardware sector and photovoltaic cells reaching all-time highs, the market is facing a 'forced re-pricing' event as physical stocks reach 20-year lows.

Speculative Recovery

Speculative interest is returning following the clearing of leveraged positions last Friday. Traders are betting that the structural shortage is too severe for the price to stay below $100 for long, with some technical targets pointing to $120 by the end of Q2.