How higher silver prices could impact industrial demand

SelfRugger · 2026-02-23T04:32:47+00:00

The discussion highlights that rising silver prices, driven by industrial demand, may lead to reduced usage in sectors like solar energy due to higher costs. Balancing these factors is crucial for future market strategies.

SelfRugger

2026-02-23 04:32:47

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How higher silver prices could impact industrial demand

Yahoo Finance Video and Josh Lipton

Wed, February 11, 2026 at 8:30 PM GMT+9

Gold prices (GC=F) are back above $5,000 per ounce this week as silver (SI=F) also looks to recover from the recent sell-off in metal commodities.

Blue Line Futures chief market strategist Phil Streible comes on Market Domination Overtime to discuss silver’s biggest headwinds and tailwinds right now.

Also catch Phil Streible’s comments around his forecast for gold prices in 2026.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.

Video Transcript

00:00 Speaker A

So we talked gold, Phil. I do want your take on silver because it’s been making some some wild moves. What what do you see ahead there for silver in the near intermediate term?

00:11 Phil

Yeah.

00:12 Phil

I mean, you look at the silver, the 10-day average true range, $12.50. So we that critical support’s like $70. Um resistance, we’re right up against this resistance that we saw before, and we could really open up the door for a move back into the 90s.

00:30 Phil

I mean, they’ve got a multi-year supply deficit. They’ve got booming industrial demand. You’ve got the AI, the EVs, the solar. But one thing that people have to know is that it’s important to know that half of the global silver demand is really driven by industrial use and those higher prices could have long-term negative effects on demand. So high elevated costs make like components in uh solar panels just less economical. So you have this substitution risk that occurs. So when these prices go vertical, it’s really important to have a strategy and an exit strategy. I mean, you’re going to reduce your demand for silver or for jewelry, for silverware. And if you look at the ETF flows, they have not eclipsed those 2025 levels. So there are a lot of things out there to just be aware of. I’m not bearish on silver, but you have to look at both sides of everything.

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