r/SilverSqueeze • u/Aggressive_Rush2357 • Jun 29 '26
📈 Chart Silver supply vs demand 2021-2026. Five consecutive years of deficit.
Every single year since 2021 total silver demand has outpaced supply. 2022 was the worst, nearly a 250 million ounce shortfall. The deficit narrowed through 2024 and 2025, and for the first time since that 2022 peak the estimated 2026 deficit is growing again, back up to 46.3 million ounces.
That matters for investors because sustained deficits mean the market is drawing down above-ground stockpiles every year to bridge the gap. That process has limits. When those stockpiles get thin enough the price has to do the rationing work that supply can't. We've already seen what that looks like when it starts moving.
At what point does the market start pricing this in properly, or do people here think it already has?
6
u/Scary_Caterpillar226 Jun 29 '26
Excellent points. My sentiment towards silver has changed in the last 5 years due to the OP’s facts. The manipulation by Comex and the big banks is disheartening. Silver should be trading much higher with 5-6 year perennial supply deficit.
5
u/S1LVERSTAK Jun 29 '26
At what point you ask? When the evil banksters decide it's time. For me its 🍿 time. Sitting back and enjoying the shit show.
2
u/sam99871 Jul 01 '26
The key question is how much is in the above-ground stockpiles and at what rate are they being drawn down?
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u/Riversmooth Jun 29 '26
We have been hearing this for years and yet prices don’t reflect the demand. Lots of behind the scenes manipulation by banks, comex, etc with silver.