For those not obsessively checking commodity prices over the Christmas period, Silver has seen an exceptional run with prices peaking at $79 per ounce at the time of writing. Is this backed by fundamental changes in the silver market or is this a generational pump and dump situation? Here is our take

At a quick glance the only fundamental change is a looming export change out of China. Starting Thursday Jan 1, China will require exporters of silver, tungsten and the chemical element antimony to obtain licenses from the Ministry of Commerce. Behind Mexico, China is the second largest supplier to the world market and is accounting for three times the united states output. With very little actual silver being mined in China, the country has focused on controlling the supply chain with an emphasis on downstream concreating and manufacturing products.

For long, analyst and other parties have been flagging silver as a soon to be bubble that may just burst. The metal used as a storage of monetary value akin a little brother to gold, is used in a wide variety of tech appliances as silver is a great conductor.

Silver is often trades in futures or ETFs meaning the physical amount of silver stored may be much less than was is to accounted for on the market. The supply is certainly there with the average buyer waking up to the futility in the fiat currencies and harsh inflation that has plagued much of the world since COVID times.

This historic run feels anticipated or even inevitable, the question is now where does the run end? Some analysts are saying $200/ounce silver in 2026! Could we one day see silver emerge out of big brother Golds shadow and become a new standard for value storage? Let us know what you think in the comments below

If you are interested in Silver, check out of our Sponsor – GR Silver Mining Ltd.

GR Silver is a Canadian-based, Mexico-focused mineral exploration company engaged in cost-effective silver-gold resource expansion on its 100%-owned assets, located on the eastern edge of the Rosario Mining District, in the southeast of Sinaloa State, Mexico. GR Silver Mining controls 100% of the Plomosas Project, including the former Plomosas underground mine and wide, high-grade silver mineralized zones at the San Marcial Area. Recent discoveries in the 78 km² of highly prospective, advanced-stage exploration concessions position the Company well for resource expansion at the Plomosas Project.

Disclaimer* GR Silver is a paid sponsor and therefore we are biased in our reporting. Information may be incorrect or misleading. GR Silver has not approved this article before release.