[REVISION HISTORY]

Global silver market supply and price outlook

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-09-05 10:33 UTC → 2026-09-06 20:21 UTC · added ~~removed~~

The silver market is characterized by diverging price forecasts from major financial institutions and a persistent structural deficit. While J.P. Morgan has lowered its 2026 annual forecast to an average of $70.00, other institutions like Citi and Goldman Sachs maintain higher targets, with Goldman Sachs predicting an annual average between $85.00 and $100.00. The Silver Institute reports a sixth consecutive year of global supply deficits, driven by industrial demand in sectors such as solar energy, electronics, electric vehicles, data centers, and artificial intelligence. ~~Recent market analysis also highlights a deviation in~~ A study by Precious Metals Insights, commissioned by the Silver Institute, reinforces the significance of the gold-silver ratio ~~from its~~ as a technical indicator. Analyzing data spanning over 3,000 years, the study identifies a long-term equilibrium of for the ratio at approximately 60:1. ~~Analysts~~ With the ratio currently near 67:1, analysts suggest silver may have catching-up potential, noting that significant deviations above the historical mean often signal that silver is underpriced relative to gold due to high central bank demand for ~~gold may have pushed this ratio above historical averages, potentially indicating catch-up potential for~~ gold. Looking toward 2026, the Silver Institute anticipates the sixth consecutive structural silver ~~prices.~~ deficit. Physical investment demand is projected to increase by 20% to 227 million ounces, supported by continued demand from automotive applications, data centers, and artificial intelligence.

Versions

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.