Commodities
Silver Prices Stuck in Neutral Despite Brief Rally
Silver prices have been struggling to maintain momentum despite a brief rally in recent days. The metal's price has hovered between $54 and $61 per ounce, reflecting deep-seated concerns about underlying supply and demand.
A key factor weighing on silver is the behavior of large-scale investors. Global silver exchange-traded funds (ETFs) have seen a net outflow of 75 million ounces since the beginning of 2026, indicating a lack of appetite among financial investors to hold the metal.
The rise in warehouse stocks in Shanghai has also contributed to the downward pressure on prices. With inventories at their highest levels since September 2025, the market perceives that physical supply is readily available, creating a ceiling for price growth.