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Silver Investment Demand Set to Surge 20% as Supply Deficit Deepens

Physical investment demand for silver is on track to jump 20% in 2026, with bar and coin purchases climbing to 227 million ounces as Western buyers re-enter the market alongside sustained Indian appetite[1]. The capital rotation comes as the metal’s structural supply deficit stretches into a sixth consecutive year, projected at 67 million ounces even with total mine output reaching a decade high[2]. Americore Resources (TSXV: AMCO) (OTCQB: AMCOF), Pan American Silver (NYSE: PAAS), Coeur Mining (NYSE: CDE), First Majestic Silver (NYSE: AG), and Endeavour Silver (NYSE: EXK) are delivering record results into this supply-constrained environment.

Mar 11, 2026 &03051111202631; 19:05 UTC www.bnnbloomberg.ca Trending 4/5

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Positive for markets

Sentiment score: +75/100

High impact Medium-term (weeks)

WHAT THIS MEANS

Silver investment demand is projected to surge 20% in 2026 to 227 million ounces as Western buyers re-enter the market, while the metal faces a sixth consecutive year of structural supply deficit (67 million ounces). This supply-demand imbalance is driving record results for major silver mining producers.

AI CONFIDENCE

85% Very high

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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PAAS

PAASStock

Expected to rise

Pan American Silver positioned to benefit from 20% surge in physical investment demand and structural supply deficit

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CDE

CDEStock

Expected to rise

Coeur Mining delivering record results amid supply-constrained silver market with sustained demand growth

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AGStock

Expected to rise

First Majestic Silver capitalizing on sixth consecutive year of supply deficit and Western buyer re-entry

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EXK

EXKStock

Expected to rise

Endeavour Silver benefiting from structural supply shortage and record investment demand trajectory

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Gold Futures

GC=FCommodity

Expected to rise

Precious metals complex supported by strong physical investment demand and supply constraints

PRICE HISTORY

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⚡ SUGGESTED ACTION

Long silver mining equities (PAAS, CDE, AG, EXK) with medium-term horizon targeting 12-24 months. The structural supply deficit combined with surging investment demand creates a favorable risk-reward setup; consider accumulating on any weakness as supply constraints should support prices through 2026.

KEY SIGNALS

20% YoY surge in physical silver investment demand projected for 2026Sixth consecutive year of structural supply deficit (67M oz)Western buyer re-entry alongside sustained Indian demandRecord mine output unable to meet demand requirementsMajor producers (PAAS, CDE, AG, EXK) delivering record results

SECTORS INVOLVED

Precious Metals MiningCommoditiesMaterials

Analysis generated on Mar 12, 2026 at 00:28 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by BNN Bloomberg. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Silver Investment Demand Set to Surge 20% as Supply Deficit Deepens

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