Silver spent the week caught between forced selling and a growing bull case built on scarcity.
Early in the window, one tactical view flagged silver leading the precious metals lower, falling faster than gold amid shifting rate expectations and no clear catalyst to reverse it. A separate bearish read attributed the pressure to forced selling from conflict-involved countries and ruled out new highs this year.
But the constructive case built through the week. Multiple research threads argued silver is as oversold as it was in 2008, with fund positioning near capitulation and the roughly $55 area cited as an attractive long-term entry. Others pointed to a structural physical deficit, strategic accumulation of bullion, and underperforming miners as setting up multi-year upside. Industrial demand from EVs, solar and electrification was flagged alongside silver's monetary role, and one view saw dual support from safe-haven flows and firming copper sentiment driving continued outperformance if trends hold.