$XAG Stay bullish!

Silver has risen above $78, and the bulls are gathering strength. I immediately pulled out the full $200k and decisively entered a long position!

The recent back-and-forth movement of silver between $76 and $78 is fundamentally due to a high-stakes battle between two major forces. On one hand, the authoritative report from the World Silver Institute shows that the global silver deficit will widen by 15% in 2026, with supply being insufficient for the sixth consecutive year. Peru's energy crisis has already impacted mine production capacity, and the total deliverable inventory across three major exchanges is only enough for 1.2 months of industrial consumption. The world's largest silver ETF added 35.18 tons in a single day; India even raised import tariffs from 6% to 15%, further blocking supply. On the other hand, HSBC has issued a warning that, as mineral and recycling volumes increase, the deficit may gradually narrow, suppressing market bullish sentiment and causing hesitation in the broader market.

Silver has touched $87 twice but was pushed back each time. Currently, it’s just a phase of accumulating strength. Silver is already at stockpile lows, with supply under strict constraints—this physical demand push will eventually outweigh the speculative and emotional trading. The short-term consolidation is the last deep squat before the market jumps. If you don’t go all-in at this stage, once it surges past $85, you might really lack the courage to chase!