Silver Soars to All-Time High of $83.62 Amid Supply Crunch & Robust Demand

• Silver hits record $83.62 an ounce, up 15% in 2026, driven by tight supply, resilient industrial demand, and supportive global macro conditions.
• Strong industrial consumption from solar power, electric vehicles, electronics, and auto components, including India's solar push, fuels demand.
• Global silver market faces a five-year structural deficit; 70% of production is a by-product, limiting quick response to higher prices.
• Supply remains constrained by flat mine output, declining ore grades, modest recycling, and potential tighter export controls from China.
• A softer US dollar, expected US rate cuts, renewed ETF inflows, and geopolitical uncertainty boost silver's investment appeal.

Why It Matters: Silver's record surge is fueled by persistent demand, constrained supply, and supportive global macro trends.