With Silver Facing a Sixth Straight Supply Deficit, One Miner Is Racing to Double Capacity - Streetwise Reports

AI desk brief

Silver remains in a structural deficit for a sixth straight year: the Silver Institute’s World Silver Survey 2026 projects a 46.3Moz shortfall in 2026 versus 40.3Moz in 2025, after cumulative deficits since 2021 forced about 762Moz to be drawn from inventories. Industrial use is still the key demand engine, with solar, EVs and electrification supporting consumption, but J.P. Morgan sees near-term pressure from a stronger dollar, softer solar demand and higher rates; the bank forecasts silver averaging about US$70/oz in 2026 and US$63/oz in Q4, with US$64/oz in 2027.