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Bloomberg

Silver Market Set for Deficit Even as Solar Makers Cut Back

Friday, November 13, 2026


The Silver Institute reported a projected supply deficit of silver for 2026, marking the sixth consecutive year of supply shortfall. Solar manufacturers have reduced their consumption of silver, while investor selling has decreased pressure on physical market supplies. Industrial demand from electronics and photovoltaic applications, combined with jewelry and investment purchases, continues to outpace production.

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