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Supply Deficits Create Long-Term Price Floors
Persistent deficits between mining output and demand tighten markets.
The silver market has faced a structural deficit for several consecutive years, with demand consistently outstripping mine supply. In 2026, the global silver deficit reached 200 million ounces. These persistent shortfalls force the market to draw down existing above-ground stocks, eventually leading to a "liquidity squeeze." This fundamental imbalance creates a powerful long-term price floor, protecting investors from deep, sustained drops in silver’s market value.