Silver sentiment hides strong prices and fundamentals as ASX explorers make progress - Stockhead

AI desk brief

Silver sentiment has weakened on U.S. rate-hike fears, but the excerpt argues fundamentals remain strong: silver is still around US$61/oz after January’s squeeze to roughly US$120/oz, and LBMA conference delegates tipped a 60% rise to US$97.4/oz over the next 12 months. JP Morgan has cut its 2026/27 averages to US$70/oz and US$63.9/oz, respectively, but the market is still said to be in a sixth straight annual deficit, with four of those deficits above 100Moz.

The piece says silver’s clearing price is driven more by retail/investment sentiment than sovereign buying, unlike gold, and that industrial demand now accounts for more than half of usage thanks to solar growth. It also highlights Australian development activity in NSW, including record June-quarter output and expansion drilling at Broken Hill Mines, and ongoing resource growth at Argent Minerals and Rapid Critical Metals.