Silver markets remain tight as supply falls short of demand for the fourth straight year. Analyst Daniel Ghali suggests we’re in the final phase of the “silver squeeze,” with history showing potential for rapid price increases—previously, when silver broke above $35/oz, it reached nearly $50/oz in less than six weeks.
The rising gold-to-silver ratio reflects gold’s strength rather than silver’s weakness. Key indicators supporting potential price increases include lease rates above 5% (signaling physical market tightness) and underpositioned discretionary traders. Combined with scarce liquidity, these conditions create what analysts call “substantial upside convexity.” Growing industrial demand from renewable energy, electronics, and medical sectors further supports the outlook that a significant buying impulse is inevitable.