December 7, 2025
Article from Bloomberg by David Marino and Yvonne Yue Li
Article Synopsis
Silver has emerged as the hottest metal trade of 2026, nearly doubling this year amid a severe supply squeeze and huge inflows into silver ETFs. The rally has been far more volatile than past cycles, with retail traders and institutions piling into options that bet on even higher prices. Copper is also surging to record highs, driven by electrification demand and tariff-driven shifts in global trade flows. While both metals may see short-term pullbacks, analysts say their underlying supply shortages keep the long-term outlook bullish.
