(Money Metals News Service) In a recent episode of the Money Metals Midweek Memo, host Mike Maharrey explored a surprising disconnect in the silver market. Normally, declining demand would point to weaker prices. Instead, silver surged dramatically through late 2025 and into early 2026.
Maharrey explained that headline demand figures only tell part of the story. The deeper driver behind the rally was a tightening physical market that had been developing for years. By the time prices finally moved, the imbalance between supply and demand had already reached a breaking point.
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