Silver Price Halves From Peak, Prompting Dip-Buying Debate Amid AI Data Center Demand

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

Silver prices have fallen to about $58 an ounce, roughly half their January peak of more than $115, after a rapid ascent that began in April 2025 and was driven by demand from the AI data center build-out. McKinsey predicts global data center spending could reach $7 trillion by 2030, and major hyperscalers including Meta Platforms, Amazon, Alphabet, and Microsoft appear to be forging ahead with spending plans. Despite the price drop, silver supply remains constrained as mining output has not kept pace with rising demand for uses such as server connections, thermal paste, and photovoltaic cells. The iShares Silver Trust and producers like First Majestic Silver, Wheaton Precious Metals, and Pan American Silver have seen their stocks decline, though First Majestic recently raised its full-year 2026 production guidance. The author suggests the current dip may be a buying opportunity for those who believe AI infrastructure spending will continue.

Impact on stocks 7

Artificial Intelligence▲ · 4 stocks
Critical Materials & Supply Chain▼ · 3 stocks
First Majestic Silver Corp
AG
± MixedDemandrelevance

Silver price drop and AI demand debate; company raised production guidance, but impact mixed.

Theme Impact 2

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