Last year was when “silver’s deficit finally caught up with it, as lower inventories and metal being pulled out of London or tied up in exchange-traded products (ETPs) created explosive conditions for lease rates and prices,” noted the justpublished World Silver Survey 2026. “Having started 2025 below $29, its price broke a series of all-time records, peaking at $84 in December, before rallying further into 2026. The annual 2025 silver price average climbed by 42% y/y to just over $40.” Also of note is that last year the silver market deficit hit its fifth straight year, according to the Survey, which is researched ... (full story)