Global Silver Market Faces Continued Supply Deficit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 03 2026
0mins
Source: Newsfilter
- Silver Supply Shortage: The global silver market is facing its fifth consecutive year of supply deficit, with industrial consumption consistently outpacing mine production, leading to market tightness that impacts production plans and profitability for related companies.
- Strategic Mineral Supply Chain Pressure: Governments are prioritizing domestic processing capacity and international partnerships to reduce dependencies, with capital rotating towards companies capable of rapidly converting existing assets, reflecting a heightened focus on supply chain security.
- Americore Resources Strategy: Americore Resources is evaluating options to monetize historic surface stockpiles at its Trinity Silver Project in Nevada, potentially unlocking around 400,000 ounces of silver, leveraging the current silver price of approximately $100 per ounce to generate near-term cash flow.
- Mako Mining Resource Update: Mako Mining reported an updated mineral resource estimate for its Moss Mine in Arizona, showing 679,000 gold equivalent ounces, with steady production expected to commence later this quarter, further solidifying its market position.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ALM?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on ALM
Wall Street analysts forecast ALM stock price to fall
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 19.700
Low
12.00
Averages
12.00
High
12.00
Current: 19.700
Low
12.00
Averages
12.00
High
12.00
About ALM
Almonty Industries Inc. is a diversified and global producer of tungsten concentrate. The Company is engaged in mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. It also has a significant molybdenum resource on a separate property adjacent to the tungsten orebody at the Sangdong Mine. Its additional development projects include the Valtreixal Project in northwestern Spain and Los Santos Mine in western Spain. The Panasqueira Mine is located in Covilha, Castelo Branco, Portugal. The Sangdong Mine is located at Sangdong in the south-eastern Korean Peninsula, approximately 170 km east-southeast of Seoul, South Korea. The Valtreixal Mine is a potential open pit operation, and is located in the northwest part of the Zamora province, in the Castilla de Leon region of Spain. It also operates Woulfe, whose properties are located in Gangwon Province, Republic of Korea, and whose operations relate primarily to the development of the Sangdong Project.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Denison Mine Reports Quarterly Loss in Line with Estimates
- Quarterly Performance: Denison Mine reported a quarterly loss of $0.02 per share for the quarter ended December 2025, aligning with the Zacks consensus estimate and matching last year's loss, indicating stability in profitability.
- Revenue Beat: The company posted revenues of $0.88 million, exceeding the Zacks consensus estimate by 12.44%, and showing growth from $0.84 million a year ago, reflecting enhanced competitiveness in the market.
- Stock Performance: Denison Mine shares have risen approximately 43.2% since the beginning of the year, contrasting with a 0.7% decline in the S&P 500, showcasing the company's relative strength and attracting investor interest.
- Future Outlook: While the current EPS estimate stands at -$0.02 with a revenue forecast of $3.2 million for fiscal 2025, Denison Mine is rated Zacks Rank #2 (Buy) within the top 25% of Zacks industries, suggesting potential market outperformance ahead.
See More
US Accelerates Critical Minerals Policy Transformation
- Policy Shift and Capital Injection: The US has initiated Project Vault, a landmark public-private initiative backed by a $10 billion Export-Import Bank loan and $2 billion in private capital, aimed at establishing a strategic reserve of 60 critical minerals, which is expected to significantly enhance the stability of domestic critical mineral supply chains.
- Surge in Silver Investment: Physical silver investment is forecasted to increase by 20% in 2026, reaching a three-year high of 227 million ounces, despite the market facing its sixth consecutive annual supply deficit, positioning mining companies like GoldHaven and Almonty Industries to benefit.
- Copper Price Historical High: In January 2026, copper prices on the London Metal Exchange hit $13,238 per tonne, a historical high, with Citigroup projecting prices could approach $15,000 per tonne if supply shortages persist, which would enhance profitability for related mining firms.
- GoldHaven Financing Plan: GoldHaven Resources announced a $2 million critical mineral financing plan, intending to issue 7,547,170 flow-through shares to advance its Magno polymetallic project in British Columbia, with proceeds expected to fund drilling and geological modeling through 2026.
See More
US Accelerates Transition of Critical Minerals Policy into Capital
- Policy Transition and Capital Injection: The US is advancing Project Vault with a $10 billion Export-Import Bank loan and $2 billion in private capital to establish a strategic reserve of 60 critical minerals, marking a shift from policy statements to direct capital deployment, which is expected to accelerate domestic critical minerals supply chains.
- Surge in Silver Investment: Physical silver investment is forecasted to increase by 20% in 2026 to a three-year high of 227 million ounces, despite the market facing its sixth consecutive annual supply deficit, positioning companies like GoldHaven Resources to benefit from a structural resource revaluation.
- Copper Prices Hit Record Highs: Copper prices reached $13,238 per tonne on the London Metal Exchange in January 2026, with Citigroup projecting prices could approach $15,000 per tonne if supply shortages persist, creating significant profit opportunities for mining companies with exposure to copper, tungsten, and silver.
- GoldHaven Financing Plan: GoldHaven Resources announced a $2 million critical mineral flow-through financing to issue 7,547,170 flow-through shares, with proceeds directed towards advancing the Magno polymetallic project in British Columbia, expected to support drilling plans in 2026 and enhance the company's competitiveness in the critical minerals sector.
See More
Almonty Industries Stock Signals Warning for Momentum Investors
- Analyst Rating Upgrade: DA Davidson analyst Griffin Bryan maintained a Buy rating on Almonty Industries and raised the price target from $12 to $18, indicating confidence in the company's future growth potential.
- Strong Stock Performance: Almonty Industries' stock has surged approximately 39% over the past month, reaching a 52-week high of $13.82, reflecting market recognition of its potential value.
- High RSI Value: The Relative Strength Index (RSI) for Almonty Industries stands at 74.1, suggesting that the stock may be overbought, prompting investors to exercise caution.
- Recent Price Fluctuation: Despite the positive analyst outlook, Almonty Industries' shares fell 0.2% to close at $13.36 on Wednesday, indicating the complexity of market sentiment.
See More
Global Silver Market Faces Intensifying Supply Deficit
- Supply-Demand Imbalance: The global silver market is facing its fifth consecutive year of supply deficit, with industrial consumption outpacing mine production, leading to silver prices surpassing $100 per ounce, attracting investor interest in companies capable of rapid production.
- Monetizing Historic Stockpiles: Americore Resources is evaluating options to monetize historic surface stockpiles at its Trinity Silver Project in Nevada, potentially containing approximately 400,000 ounces of silver in oxide and 365,000 ounces in sulfide, aiming for near-term cash flow through expedited processing pathways.
- Capital Flow Shift: The global mining industry has shifted towards brownfield development, with capital now flowing primarily into existing mine infrastructure rather than speculative greenfield projects, with brownfield restarts delivering production timelines 50% to 70% faster, providing structural advantages for companies with historic stockpiles.
- Strategic Land Expansion: Americore has aggressively expanded its land position over recent months, now controlling approximately 22,700 acres of prospective ground, which is expected to triple its resource base to 36 million ounces of silver equivalent, enhancing future production potential.
See More
Global Silver Market Faces Continued Supply Deficit
- Silver Supply Shortage: The global silver market is facing its fifth consecutive year of supply deficit, with industrial consumption consistently outpacing mine production, leading to market tightness that impacts production plans and profitability for related companies.
- Strategic Mineral Supply Chain Pressure: Governments are prioritizing domestic processing capacity and international partnerships to reduce dependencies, with capital rotating towards companies capable of rapidly converting existing assets, reflecting a heightened focus on supply chain security.
- Americore Resources Strategy: Americore Resources is evaluating options to monetize historic surface stockpiles at its Trinity Silver Project in Nevada, potentially unlocking around 400,000 ounces of silver, leveraging the current silver price of approximately $100 per ounce to generate near-term cash flow.
- Mako Mining Resource Update: Mako Mining reported an updated mineral resource estimate for its Moss Mine in Arizona, showing 679,000 gold equivalent ounces, with steady production expected to commence later this quarter, further solidifying its market position.
See More
Denison Mine Reports Quarterly Loss in Line with Estimates
- Quarterly Performance: Denison Mine reported a quarterly loss of $0.02 per share for the quarter ended December 2025, aligning with the Zacks consensus estimate and matching last year's loss, indicating stability in profitability.
- Revenue Beat: The company posted revenues of $0.88 million, exceeding the Zacks consensus estimate by 12.44%, and showing growth from $0.84 million a year ago, reflecting enhanced competitiveness in the market.
- Stock Performance: Denison Mine shares have risen approximately 43.2% since the beginning of the year, contrasting with a 0.7% decline in the S&P 500, showcasing the company's relative strength and attracting investor interest.
- Future Outlook: While the current EPS estimate stands at -$0.02 with a revenue forecast of $3.2 million for fiscal 2025, Denison Mine is rated Zacks Rank #2 (Buy) within the top 25% of Zacks industries, suggesting potential market outperformance ahead.
See More
US Accelerates Critical Minerals Policy Transformation
- Policy Shift and Capital Injection: The US has initiated Project Vault, a landmark public-private initiative backed by a $10 billion Export-Import Bank loan and $2 billion in private capital, aimed at establishing a strategic reserve of 60 critical minerals, which is expected to significantly enhance the stability of domestic critical mineral supply chains.
- Surge in Silver Investment: Physical silver investment is forecasted to increase by 20% in 2026, reaching a three-year high of 227 million ounces, despite the market facing its sixth consecutive annual supply deficit, positioning mining companies like GoldHaven and Almonty Industries to benefit.
- Copper Price Historical High: In January 2026, copper prices on the London Metal Exchange hit $13,238 per tonne, a historical high, with Citigroup projecting prices could approach $15,000 per tonne if supply shortages persist, which would enhance profitability for related mining firms.
- GoldHaven Financing Plan: GoldHaven Resources announced a $2 million critical mineral financing plan, intending to issue 7,547,170 flow-through shares to advance its Magno polymetallic project in British Columbia, with proceeds expected to fund drilling and geological modeling through 2026.
See More
US Accelerates Transition of Critical Minerals Policy into Capital
- Policy Transition and Capital Injection: The US is advancing Project Vault with a $10 billion Export-Import Bank loan and $2 billion in private capital to establish a strategic reserve of 60 critical minerals, marking a shift from policy statements to direct capital deployment, which is expected to accelerate domestic critical minerals supply chains.
- Surge in Silver Investment: Physical silver investment is forecasted to increase by 20% in 2026 to a three-year high of 227 million ounces, despite the market facing its sixth consecutive annual supply deficit, positioning companies like GoldHaven Resources to benefit from a structural resource revaluation.
- Copper Prices Hit Record Highs: Copper prices reached $13,238 per tonne on the London Metal Exchange in January 2026, with Citigroup projecting prices could approach $15,000 per tonne if supply shortages persist, creating significant profit opportunities for mining companies with exposure to copper, tungsten, and silver.
- GoldHaven Financing Plan: GoldHaven Resources announced a $2 million critical mineral flow-through financing to issue 7,547,170 flow-through shares, with proceeds directed towards advancing the Magno polymetallic project in British Columbia, expected to support drilling plans in 2026 and enhance the company's competitiveness in the critical minerals sector.
See More
Almonty Industries Stock Signals Warning for Momentum Investors
- Analyst Rating Upgrade: DA Davidson analyst Griffin Bryan maintained a Buy rating on Almonty Industries and raised the price target from $12 to $18, indicating confidence in the company's future growth potential.
- Strong Stock Performance: Almonty Industries' stock has surged approximately 39% over the past month, reaching a 52-week high of $13.82, reflecting market recognition of its potential value.
- High RSI Value: The Relative Strength Index (RSI) for Almonty Industries stands at 74.1, suggesting that the stock may be overbought, prompting investors to exercise caution.
- Recent Price Fluctuation: Despite the positive analyst outlook, Almonty Industries' shares fell 0.2% to close at $13.36 on Wednesday, indicating the complexity of market sentiment.
See More
Global Silver Market Faces Intensifying Supply Deficit
- Supply-Demand Imbalance: The global silver market is facing its fifth consecutive year of supply deficit, with industrial consumption outpacing mine production, leading to silver prices surpassing $100 per ounce, attracting investor interest in companies capable of rapid production.
- Monetizing Historic Stockpiles: Americore Resources is evaluating options to monetize historic surface stockpiles at its Trinity Silver Project in Nevada, potentially containing approximately 400,000 ounces of silver in oxide and 365,000 ounces in sulfide, aiming for near-term cash flow through expedited processing pathways.
- Capital Flow Shift: The global mining industry has shifted towards brownfield development, with capital now flowing primarily into existing mine infrastructure rather than speculative greenfield projects, with brownfield restarts delivering production timelines 50% to 70% faster, providing structural advantages for companies with historic stockpiles.
- Strategic Land Expansion: Americore has aggressively expanded its land position over recent months, now controlling approximately 22,700 acres of prospective ground, which is expected to triple its resource base to 36 million ounces of silver equivalent, enhancing future production potential.
See More
Global Silver Market Faces Continued Supply Deficit
- Silver Supply Shortage: The global silver market is facing its fifth consecutive year of supply deficit, with industrial consumption consistently outpacing mine production, leading to market tightness that impacts production plans and profitability for related companies.
- Strategic Mineral Supply Chain Pressure: Governments are prioritizing domestic processing capacity and international partnerships to reduce dependencies, with capital rotating towards companies capable of rapidly converting existing assets, reflecting a heightened focus on supply chain security.
- Americore Resources Strategy: Americore Resources is evaluating options to monetize historic surface stockpiles at its Trinity Silver Project in Nevada, potentially unlocking around 400,000 ounces of silver, leveraging the current silver price of approximately $100 per ounce to generate near-term cash flow.
- Mako Mining Resource Update: Mako Mining reported an updated mineral resource estimate for its Moss Mine in Arizona, showing 679,000 gold equivalent ounces, with steady production expected to commence later this quarter, further solidifying its market position.
See More
