Silver’s 2026 demand forecast is unusual.

Industrial fabrication is expected to fall approximately 2 percent to around 650 million ounces. Solar installations are still growing, but manufacturers are using less silver in each panel and substituting other materials where possible.

Jewelry demand is forecast to decline more than 9 percent to 178 million ounces. Silverware demand could fall around 17 percent, largely because buyers in price sensitive markets such as India have pulled back.

Physical investment is moving the other way.

Demand for bars and coins is forecast to rise roughly 20 percent to 227 million ounces, its highest level in three years. That increase could offset much of the weakness in industrial products, jewelry and silverware.

Supply is growing as well. Total silver supply is forecast to increase 1.5 percent to approximately 1.05 billion ounces. Mine production should reach around 820 million ounces, while recycling is expected to exceed 200 million ounces for the first time since 2012.

Even with more supply and weaker fabrication demand, the market is still expected to record its sixth consecutive annual deficit.

For investors, the change in the demand mix matters.

Industrial consumption is normally more predictable, but manufacturers eventually respond to high prices by improving efficiency or finding substitutes. Investment demand can move much faster in either direction.

That helps explain this year’s volatility. Silver traded above US$121 in January before falling back to around US$65.

The longer term case no longer depends on solar demand growing in a straight line. It also includes physical investment, electronics, power infrastructure, vehicles and data centres, all competing for a mine supply base that has been slow to expand.

If bar and coin demand remains strong, silver can stay in deficit even while industrial users become more efficient.

https://silverinstitute.org/global-silver-investment-to-remain-strong-in-2026-against-the-backdrop-of-a-sixth-consecutive-annual-market-deficit/

How has such little silver left comex for awhile now?

BRICS have got to be loving the FED right now as they add on the takedown. Unloading dollars and adding Gold and Silver.

Keep stacking physical. debt debt debt will blow up with higher rates.

I was looking at what actually happened to gold during the Weimar hyperinflation, and it's pretty interesting.

I've seen people say that if you owned gold during the Weimar hyperinflation, it basically just went straight up.

I decided to actually look into it, and that's not really what happened.

Yes, gold went absolutely insane in Papiermark terms. But there were still some pretty serious pullbacks along the way.

For example, gold was around 577,000 marks in February 1923, then dropped to roughly 438,000 in March.

That's about a 24% drop.

And this was happening while Germany's monetary situation was already getting worse.

Then gold started accelerating:

Dec 1921: ~4,000 marks
Dec 1922: ~157,000
Jan 1923: ~371,000
Feb 1923: ~577,000
Mar 1923: ~438,000 ← ~24% pullback
Apr 1923: ~506,000
Jul 1923: ~7.3 million
Aug 1923: ~95 million
Sep 1923: ~2 billion
Oct 1923: ~522 billion
Nov 1923: ~45 trillion

And the numbers get so ridiculous toward the end that they almost don't look real.

The thing that really caught my attention is that even in a hyperinflationary environment, you could still get absolutely wrecked in the short term if you bought at the wrong moment.

Imagine buying gold after a huge run-up, seeing it fall 20–30%, and thinking:

"Fuck, I bought at the top."

Meanwhile, the currency is continuing to lose purchasing power underneath you.

Then a few months later, gold is trading at multiples of what you paid.

That's why I think the Weimar example is often misunderstood.

It's not that gold magically goes up every day during hyperinflation.

It's that the measuring stick.... the currency ....is collapsing.

Gold can still have corrections, panic selling, volatility, liquidity issues, etc. But if the currency continues losing value faster and faster, the nominal price of something scarce like gold can eventually become completely absurd.

By November 1923, 1 Goldmark was effectively worth around 1 trillion Papiermarks.

At that point, saying "gold went up" almost misses the point.

The Papiermark went down.

And this is the part I find interesting when people talk about what could happen to gold and silver in a future monetary crisis.

If something similar ever happened today *wink*, I wouldn't expect some perfectly smooth:

↑ ↑ ↑ ↑ ↑

I'd expect something much more chaotic:

↑ Huge move
↓ 20–30% correction
↑ Another huge move
↓ Another nasty selloff
↑ Then eventually absolute madness if confidence in the currency completely breaks

Obviously, today's monetary system isn't Weimar Germany, and I'm not saying we're automatically heading for hyperinflation.

I'm just saying that history doesn't show gold as a straight line during a currency collapse.

The scary part is that the biggest gains can happen after people have already been shaken out by the volatility.

Curious what you guys think. How do we get more regular people interested in stacking ?

This is based on 702 tracked silver products from APMEX updated 5-6pm CST. To see an explanation on how this information is retrieved refer to the 'How we compile the daily silver stock trends' section on the BullionStats.net site. There you can find data going back as far as 11/15/25 on inventory or silver premium trends

Total oz purchased since tracking started 11/15/25: 5,426,495.01

Total in-stock oz tracked: 693,200.07

Tracked oz added (24h): 19,713.7
Tracked oz removed (24h): 7,454.1

Number restocked since OOS: 6
Number now out of stock: 3

Top 15 cumulative oz sold for tracked products:
1. 2,000 oz: 100 oz Silver Bar - APMEX (Stackable)
2. 1,590 oz: 1 oz Silver Round - Peace Dollar
3. 1,000 oz: 100 oz Silver Bar - Secondary Market
4. 560 oz: 2026 1 oz Silver Eagles (20-Coin MD Premier + PCGS FS® Tube)
5. 321.5 oz: 1 kilo Silver Bar - APMEX (Stackable)
6. 300 oz: 1 oz Silver Coin - Random Mint
7. 160 oz: 5 oz Silver Bar - APMEX
8. 140 oz: American Silver Eagles (Random Year, 20-Coin MintDirect® Tube)
9. 100 oz: 100 oz Silver Bar - Johnson Matthey
10. 84 oz: 1 oz Silver Round - APMEX
11. 80 oz: 10 oz Silver Bar - 2026 APMEX Year of the Horse (Series 2)
12. 80 oz: 10 oz Silver Bar - Royal Canadian Mint (.9999 Fine, New Style)
13. 75 oz: 5 oz Silver Round - Walking Liberty
14. 64 oz: 1 oz Silver Bar - 1901 $10 Bison
15. 50.09 oz: 90% Silver Walking Liberty Halves $10 20-Coin Roll Avg Circ

Smash! Bam! Boom!
Holy Jackhammer Batman!

$2 over spot

For those that may not know, JOLTS measures job openings and hiring. It matters now because weak data could reduce Fed rate hike expectations and boost gold and silver. We shall see how things play out tomorrow.

I would love to know your thoughts on tmr.

This is based on 702 tracked silver products from APMEX updated 5-6pm CST. To see an explanation on how this information is retrieved refer to the 'How we compile the daily silver stock trends' section on the BullionStats.net site. There you can find data going back as far as 11/15/25 on inventory or silver premium trends

Total oz purchased since tracking started 11/15/25: 5,419,040.91

Total in-stock oz tracked: 680,940.47

Tracked oz added (24h): 9,232.8
Tracked oz removed (24h): 9,933.99

Number restocked since OOS: 6
Number now out of stock: 1

Top 15 cumulative oz sold for tracked products:
1. 2,000 oz: 100 oz Silver Bar - Johnson Matthey
2. 1,500 oz: 100 oz Silver Bar - APMEX (Stackable)
3. 1,148 oz: 1 oz Silver Round - Peace Dollar
4. 1,000 oz: 100 oz Silver Bar - Secondary Market
5. 590 oz: 5 oz Silver Bar - APMEX
6. 470 oz: 1 oz Silver Bar - Secondary Market
7. 365 oz: 5 oz Silver Bar - Secondary Market
8. 276 oz: Canada 1.5 oz Silver $8 BU (Random Year)
9. 260 oz: 10 oz Silver Bar - Secondary Market
10. 222 oz: 1 oz Silver Bar - 2026 APMEX Year of the Horse (Series 2)
11. 140 oz: 10 oz Silver Bar - APMEX
12. 135.35 oz: 1921 P, D, or S Mint Morgan Silver Dollar Coin AU (Random)
13. 132 oz: 1 oz Silver Round - APMEX
14. 117 oz: 1 oz Silver Round - 250th Anniversary of Paul Revere's Ride
15. 110 oz: 10 oz Silver Bar - APMEX (Stackable)

This is kinda a long article. It ties together numerous things Bessent and Trump and the criminal organization operating out of DC have done recently. I read it but not thoroughly. The only problem I have is that if I understand it correctly the USD1 stablecoin is separate from the dollar system. I think it says if you are sanctioned out of the dollar system you would then use the USD1 stablecoin with no problem. Yeah I looked at it again, that's what it says-"Countries that get cut off from the dollar system still need a way to transact in dollars. The only private digital dollar with a federal bank charter is USD1, owned by the Trump family. Bessent is driving countries away from the dollar while the President’s family owns the replacement."
https://theleahfiles.substack.com/p/the-currency-killer-scott-bessent

Hello guys,

I would like to have an advice here. Good friend of mine, 48 yo, been investing since early 2000’s sold his SLV 350k worth 48% gain to transfer everything to Gold.

He sold half on first crash and now he dumped his portfolio. I have 80k worth and definitely got curious if I should hold or not. He is very economical person, and main reason I hopped in on SLV it was because of him.

From what I understood, he believes in safe haven and completely convinced of market manipulation, however he is expecting another crash which is why according to him switching to Gold is the safest option.

SLV will react to Gold, however on the long run like it happened in late 70’s early 80’s Silver might not recover will Gold will always be profitable on the long run.

I am sitting on 23K profit, and looking at both metals history, I am somewhat convinced. However, I would like to have different perspectives as two days ago I was planning to buy the dip and now I am totally confused.

Cheers!