1. Silver price surpasses $36, highest since February 2012. 2. Demand for silver in industries and as a safe haven is rising. 3. Forecasted 15% silver supply shortfall indicates ongoing market deficits. 4. ETF inflows of 2.2 million ounces signal strong investor interest. 5. Long-term cup-and-handle pattern suggests potential price target around $75.
Rising demand coupled with supply deficits creates upward pressure on silver prices, mirroring historical trends where price spikes followed supply issues. The August 2011 peak was also influenced by increased demand and limited supply.
The article highlights critical trends in supply and demand, influencing silver prices and SIL performance, indicative of potential market inflection points.
Demand from industrial applications and investment is likely to persist, aligning with long-term macroeconomic trends and geopolitical factors that typically drive precious metal prices. Historical challenges in silver supply suggest continued relevance up to 2025 and beyond.