PRECIOUS METALS | Global Silver Deficit Projected to Widen by 15% in 2026

The global silver market is facing a potential widening of its deficit, according to Kobeissi Letter. The deficit is expected to increase by 15% in 2026, reaching 46 million troy ounces, marking the sixth consecutive year of shortfall. According to NS3.AI, global silver stocks have been depleted by 762 million troy ounces since 2021. Additionally, demand for silver coins and bars is anticipated to rise by 18% year over year, while total supply may decrease by 2%.