US Edition
Silver faces sixth year of deficit with stock drawdown raising squeeze risks, research shows
Metals Focus said 762 million ounces have been drawn from stocks since 2021, while a renewed liquidity squeeze remains possible this year.
- The silver market is heading for a sixth year of structural deficit, with 762 million troy ounces drawn from stocks since 2021, the Silver Institute and consultancy Metals Focus reported on Wednesday.
- Total global silver demand is forecast to fall 2% due to weaker industrial and jewellery consumption, though coin and bar demand is expected to rise 18% supported by U.S. buying recovery.
- Metals Focus estimates 28% of 884 million ounces held in London vaults at end-March were available to support liquidity, the highest share since January 2025 and up from a historic 17% low in September.
- Philip Newman, managing director at Metals Focus, said "lease rates in London have largely normalised, but risks of another liquidity squeeze this year remain." The warning underscores persistent market vulnerability.
- The global silver deficit is expected to widen to 46.3 million ounces in 2026 from 40.3 million in 2025, driven by weaker industrial and jewellery consumption despite stronger coin and bar demand.
11 Articles
11 Articles
Silver heads for sixth straight annual deficit with drawdown raising squeeze risk (GLD:NYSEARCA)
The silver market faces a sixth consecutive year of structural deficit, raising the risk of a renewed liquidity squeeze despite weaker demand expectations, the Silver Institute reported.
Silver Institute: Persistent Deficit and Sharp Volatility Drive Prices to Record Levels and Reshape Global Demand
The global silver market is undergoing a notable structural shift between 2025 and 2026, as macroeconomic pressures, geopolitical tensions, and evolving industrial and investment dynamics reshape price behavior and supply-demand fundamentals.
Silver market ripe for another price squeeze - report
THE silver market could see another sharp price squeeze, with six consecutive years of supply deficits and depleted stockpiles leaving the market vulnerable to sudden moves, said the Financial Times citing the World Silver Survey. Published by consultancy Metals Focus and the Silver Institute, the report forecasts a sixth straight annual deficit in 2026 of […]
A 46.3 million ounce silver shortfall is keeping pressure on an already tight market
A 46.3 million ounce silver shortfall is keeping pressure on a market that was already tight before 2026 got going, according to the World Silver Survey 2026 released on Wednesday. Reportedly, global demand stayed above supply for the fifth year in a row in 2025, the deficit smaller than it was in 2024, but it still put more stress on above-ground stocks. The 88-page report was released by the Silver Institute and researched and produced by Meta…
Silver Price Today Slips Near $79 as New Deficit Warning Keeps Market Tight (Reuters)
Spot silver slipped 0.2% to $79.40 per ounce on Wednesday, holding near Tuesday’s close after a sharp rally. The Silver Institute projects a sixth consecutive global deficit in 2026, with stocks drawn down by 762 million ounces since 2021. Lease rates in London have mostly normalized, but analysts warn of ongoing liquidity risks. Gold fell 0.9%, platinum gained 0.8%, and palladium dropped 1.1%. The post Silver Price Today Slips Near $79 as New D…
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