Physical silver investment is expected to rise 20% this year to around 227 million ounces — the highest level in three years.
That’s a meaningful shift.
What I find particularly interesting is that this isn’t industrial consumption from solar, electronics, or data centers. This is investment demand for physical silver — bars and coins.
And 227 million ounces is a substantial amount of metal moving into investors’ hands.
Silver already faces strong industrial demand competing for available supply. If physical investment demand is strengthening at the same time, it adds another layer of pressure to a market that certainly doesn’t have an unlimited supply of metal.
A 20% increase in physical investment demand is exactly the kind of shift I want to see if the longer-term silver bull market is going to remain healthy.
After a few quieter years, physical silver investors appear to be coming back.
227 million ounces. The highest in three years.
That’s worth watching.
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