Silver Price Halves From January Peak, Prompting Dip-Buying Debate

CommodityIndustry
โดย The Motley Fool·Read original
Summary · why it matters

Silver has fallen to about $58 per ounce, roughly half its January 2026 peak of more than $115 per ounce, after a rapid ascent that began in April 2025 when the metal traded near $29 per ounce. The earlier surge was fueled by growing demand from the massive AI data center build-out, which uses silver in server connections, thermal paste, high-frequency connectors, photovoltaic cells, and electromagnetic shielding, while mine supply growth remained sluggish. Despite the price drop, major hyperscalers including Meta Platforms, Amazon, Alphabet, and Microsoft appear to be forging ahead with their spending plans, and McKinsey estimates global data center spending could reach $7 trillion by 2030. The iShares Silver Trust and silver producers such as First Majestic Silver, Wheaton Precious Metals, and Pan American Silver have all declined, though First Majestic recently raised its full-year 2026 production guidance. Pan American Silver is set to report second-quarter results on August 12, and Wheaton Precious Metals on August 6.

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