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Scholarly article
Multiple industry reports and news outlets describe a persistent structural deficit in the silver market since 2021, with cumulative shortfalls approaching roughly 800 million ounces and 2025 deficits...
Global silver supply — the sum of mine production and recycling — has failed to keep pace with demand in recent years, producing a multi‑year structural deficit that continued into 2025 and helped dri...
Silver has surged to roughly $57–$59 per ounce in early December 2025, up about 100% year‑to‑date and setting nominal record highs in the first days of December (intraday highs reported between $58.97...