Commodities
Silver Price Near $60, But Supply Deficit and Industrial Demand Keep it Strong
Silver (XAGUSDT) is trading near $59.51, up 1.60% on the day after reaching a high of $60.12 and staying above $58.50.
The price sits just above its 7/14/30-day averages, but the Money Flow Index (MFI) near 44 indicates that buyers haven't become euphoric yet.
A multi-year supply deficit and strong industrial demand are driving silver's narrative in 2026. Analysts project a shortfall of around 46 million ounces this year, with over 55% of silver usage being industrial.