Sprott Predicts Long-Term Silver Bull Market After Volatility Between $24 and $118
SII•Sprott highlights silver’s extreme volatility, rising from about US$24 per ounce in 2024 to roughly US$118 in early 2026 before retreating near US$60. Seven consecutive years of supply deficits and surging solar infrastructure demand underpin a bullish long-term outlook.
1. Price Volatility Overview
Silver climbed from US$24 per ounce in 2024 to about US$118 in early 2026 before retracing to near US$60, reflecting significant two-year swings that test investor sentiment and risk management strategies.
2. Dual Monetary and Industrial Role
Silver benefits from its dual status as a monetary metal and an industrial commodity, with central bank activity, inflation concerns and fears of currency debasement boosting investor interest.
3. Solar Energy Growth
Rapid expansion of solar infrastructure and broader energy security initiatives are driving sustained incremental industrial demand for silver due to its unmatched electrical conductivity.
4. Structural Supply Constraints
Most silver is produced as a byproduct of other mining operations, resulting in seven consecutive years of supply deficits and declining above-ground inventories, limiting the market’s ability to meet rising demand.
