Silver's supply shortfall should ultimately help drive its price higher. A commenter cites a projected 46.3 million-ounce deficit in 2026, the sixth consecutive annual shortfall. Supply should remain tight in coming months, though negative trading and fear of further losses are driving investors to sell for now. x.com  x.com 

Silver is a quiet AI infrastructure play because AI's massive power demand runs through data centers, grids and solar, all of which need silver's unmatched conductivity. Solar paste is the biggest driver, as utilities build solar to meet AI power needs, while grid switching, transformers, connectors and EVs, which use 2-3x more silver than combustion cars, add demand. Silver is a tiny cost per unit but essential at scale, so demand is inelastic, and if supply lags, the price spikes. x.com  x.com  … Show more

Silver is setting up for a violent dump, nearer the end of its run than the beginning. After a 140%+ rise in 2026, with gold moving first and "silver is still cheap" everywhere, the setup echoes 2011, when silver ran from $18 to $49 and collapsed once leverage peaked and liquidity vanished. Real deficits and industrial demand attract more leverage rather than prevent a crash. In a thin, derivatives-driven market, crowded positioning can cascade into forced selling, though it may rise first. … Show more

Silver's supply cannot keep up with demand. It has run a structural deficit every year since 2021, with demand exceeding supply by 100-250 million ounces annually. Industrial demand hit a fourth straight record of 680.5 million ounces in 2024, up 39% from 2016, driven by solar panels, EVs and AI hardware. About 70% of silver is mined as a byproduct of copper and zinc, so supply cannot simply respond; the 2021-2025 deficit totals about 796 million ounces, roughly 25% of a year's mine output. … Show more

Capital is rotating out of AI capex into areas it starved for two years. Health care, airlines, defense and metals are where the market wants to be for the six weeks to the December 9 Fed meeting; gold and silver are bought on every dip. Risk is still being taken elsewhere: if S&P futures hold 7,700, the rotation carries the index; if they lose it, this was a correction in disguise. x.com 

Capital is rotating out of crude oil, gold and silver into equities, with crypto to follow, giving the bull market fresh legs. All three commodities look exhausted after their melt-up, though their longer-term debasement, deficit and industrial-demand stories remain intact. Lower energy and commodity prices mean better margins and less inflation pressure. US large caps and the Nasdaq-100 show no signs of topping as AI earnings lift the S&P 500, and bitcoin is likely bottoming in the mid-$60Ks. … Show more

Silver stands to benefit because, while AI may be digital, the infrastructure behind it is physical. x.com 

Silver has unlimited upside because its supply is limited while almost every technology needs it, from drones and chips to solar. It is in a long-term secular trend, and even $1,000 would not hurt that demand. AI's buildout is short of copper, silver and energy after years of underinvestment, which forces a period of commodity inflation. Moves will be episodic and violent: the fall from $120 to around $60, now $78, was not a bubble bursting, and sellers who exit early get another chance. … Show more

Silver looks to have topped, with the cartel having gotten both the gold and silver tops, and oil possibly next. x.com 

Gold and silver may benefit if yields ease a little further from their local high for a while longer. The FOMC meeting and minutes could be good for both. x.com