Sprott Sees strong long-term Silver outlook despite recent price volatility

Sprott Asset Management Director, ETF Product Management Jacob White joined Steve Darling from Proactive to discuss the outlook for the silver market, highlighting recent price volatility, long-term demand drivers, and ongoing supply constraints that continue to shape the metal’s investment case. White said silver has experienced significant price swings over the past two years, climbing from an average of roughly US$24 per ounce in 2024 to as high as US$117 to US$118 per ounce in early 2026, before pulling back to around US$60 per ounce. Despite that correction, he noted that silver remains well above historical price levels. The discussion focused on silver’s unique dual role as both a monetary metal and an industrial commodity. White said the metal has benefited from many of the same macroeconomic forces that have supported gold, including central bank activity, inflation concerns, and broader fears of currency debasement. At the same time, industrial demand for silver continues to strengthen, particularly because of its unmatched electrical conductivity, which makes it a critical material in a wide range of industrial and energy applications. One of the biggest long-term demand drivers, according to White, is the rapid buildout of solar energy infrastructure and broader efforts to improve energy security. He noted that governments and companies are increasingly investing in renewable energy not only to meet environmental goals, but also to reduce dependence on external energy sources, a trend that is creating sustained incremental demand for silver. On the supply side, White pointed out that the silver market continues to face structural constraints. Most silver is produced as a byproduct of other mining operations, which limits the industry’s ability to quickly ramp up output when prices rise. As he noted, the market has now experienced seven consecutive years of supply deficits, with demand consistently outpacing new supply. Above-ground silver inventories have also declined significantly during that period, adding further support to the long-term outlook. Management believes the combination of strong industrial demand, silver’s monetary role, and persistent supply tightness continues to underpin a constructive long-term view on the silver market despite ongoing short-term volatility. #Sprott #Uranium #NuclearEnergy #Investing #HANetf #Silver #Sprott #PreciousMetals #SilverMarket #MiningStocks #CommodityMarkets #SolarEnergy #EnergyTransition #InflationHedge #ETFInvesting