Silver prices are surging as a real-world supply crunch unfolds across global markets. China, which controls an estimated 60–70% of global silver supply, is set to restrict exports from January 2026, effectively sidelining smaller producers. This comes as silver has already faced five consecutive years of structural deficit, with demand far exceeding supply. Physical inventories are rapidly shrinking across COMEX, London, and Shanghai, driving premiums sharply higher. With industrial demand from solar, EVs, and electronics accelerating, the rally reflects a genuine supply squeeze—not speculation.


