Despite the price volatility, the Silver Institute confirms that 2026 will be the sixth consecutive year where global demand exceeds supply. While some industrial sectors are "thrifting" (using less silver per unit), the overall market remains tight. Physical inventories at the COMEX and LBMA have reportedly fallen significantly since 2020, providing a fundamental floor for prices. $XAG
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The Sixth Year of Structural Deficit
Despite the price volatility, the Silver Institute confirms that 2026 will be the sixth consecutive year where global demand exceeds supply. While some industrial sectors are "thrifting" (using less silver per unit), the overall market remains tight. Physical inventories at the COMEX and LBMA have reportedly fallen significantly since 2020, providing a fundamental floor for prices.
$XAG