https://i9.ytimg.com/vi/mGPF-6SLrJ4/mqdefault.jpg?v=69c1094a&sqp=CJyXhM4G&rs=AOn4CLCZSxmHivVm3a-_d0L77BmLb_Q40AThe roots on the 2026 rate explosion can be traced back to a persistent supply-demand imbalance that began in 2021. Among 2021 and 2025, the global silver market place noticed a cumulative deficit of about 800 million ounces—approximatel