Silver Price Prediction: The Silver Supply Crash Nobody Talks About
After pumping to over $120 per ounce back in early January, the silver price is mostly in the "boring" phase for the past few weeks as the price barely moved in the $70-76 range.
Wall Street Mav posted on X to his 1.7 million followers; the dollar supply grows at 7% per year with decreasing demand and vast counterparty risk. Gold supply grows at 1.5% per year with increasing demand and zero counterparty risk.
Then the kicker: silver supply is shrinking by approximately 6% per year with wildly increasing demand and zero counterparty risk.
The numbers back him up. Demand for silver exceeds supply by 100 to 150 million ounces every year. Above‑ground reserves are being consumed by industry. The silver market has been in a supply deficit for five to six years straight. That is a structural crunch.
Why silver supply is shrinking?
Mining production has not kept pace. Primary silver mines are aging. New projects are expensive and slow to permit. Most silver comes as a byproduct of lead, zinc, and copper mining – so silver output depends on decisions made for other metals.
Source: X/@WallStreetMav
Meanwhile, industrial demand keeps climbing. Solar panels, electric vehicles, 5G infrastructure, and AI data centers all consume silver. No substitute exists for many of these applications. The deficit widens every year.
Zero counterparty risk matters too. You cannot default on physical silver. In a world of rising sovereign debt, bank runs, and currency devaluation, that feature becomes priceless. Metal investor David Bateman called it: "Our minds are as malleable as our store of value."
Silver Price Forecast – Chart analysis
The 4‑hour chart on Pyth shows the silver price trading at $75.43 as of April 10, 2026. That is up 0.67% on the day. Price has been in a strong uptrend since breaking above $60 in early 2026. The 200‑day moving average sits at $60.18, far below current price, confirming the long‑term bullish structure.
Source: TradingView
Recent price action: silver rallied from $72 to $77 in late March, then pulled back to $74.50. The current bounce to $75.43 puts price back above the 20‑period moving average. Resistance sits at $77.50, the March high. Above that, $80 is the next psychological level. Support sits at $74.50, then $72.00. The RSI (14) is at 55.08 – neutral, not overbought. Room to run.
For the upcoming weeks, silver has a pretty clear path. If price breaks $77.50, a test of $80 comes quickly. The supply deficit story is real. Industrial demand is not slowing. The dollar is weakening. Gold is already above $2,900. Silver historically catches up with force. A move to $85‑90 by June is realistic.
The only near‑term risk is a macro risk‑off event – a broken Iran ceasefire or a sudden dollar spike. But the structural trend is up. The supply crash is not priced in yet.
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