While industrial demand has been weak, the survey shows that investment demand has more than made up for the drop. Philip Newman, Managing Director at Metals Focus, the British research firm behind the annual Silver Survey, said that inflows into exchange-traded funds (ETFs) have increased by 187 million ounces so far this year. By Neils Christensen for Kitco News

he global silver market is on track to record its fifth consecutive structural deficit in 2025, with tightening supply, surging investor demand and record prices underscoring one of the most volatile years the metal has seen in more than a decade. Presenting at the Silver Institute’s yearly industry dinner in New York this week, Metals Focus MD Philip Newman and director of mine supply Sarah Tomlinson outlined a market shaped by liquidity stress, geopolitical uncertainty and an increasingly bullish investor base. By Creamer Media Reporter

In a recent interview with Kitco News, Matthew Piggott, Director of Gold and Silver at Metals Focus, said that even if the global economy slows, industrial consumption should continue to provide solid support for silver. By Neils Christensen for Kitco News

On India’s jewellery demand, Chirag Sheth, Principal Consultant–South Asia at Metals Focus said the bridal segment remains resilient while daily wear demand has softened. “People are waiting for prices to fall further,” he said, but added that wedding-related buying could lift demand in the near term. By Manisha Gupta for CNBC

ooking at demand, Metals Focus sees growth in 2025 flatlining as industrial fabrication takes a hit from the global tariff war. This could be tempered by an anticipated rebound in demand from physical investment in silver bars and coins. The silver market is expected to experience a substantial deficit of 117.6 million ounces in 2025, amounting to the sixth straight year of supply shortage for the metal. By Melissa Pistilli for Investing News Network

Metals Focus, a leading precious metals consultancy, announced the publication of Precious Metals Investment Focus 2025/2026, its flagship annual report on investment in gold, silver and platinum group metals. The report features comprehensive historical data and a forecast for 2025/26. By Modern Mining

Platinum has emerged as the breakout performer of 2025’s precious metals surge, soaring nearly 90 percent to its highest level in over a decade. Metals Focus weighs in on whether its strength will continue, as well as the outlook for palladium. By Melissa Pistilli for Investing News Network

Despite the recent slump in prices, analysts remain bullish on gold heading into next year, with many forecasting the yellow metal to reach the pivotal $5,000/oz. level. Metals Focus, a UK-based precious metals consultancy, was among those making such a prediction. In its annual report, the firm wrote that it expects gold to challenge the $5,000 level in 2026. For the entire year, prices could average $4,560/oz., representing a 33% upside over 2025 levels, it added. By Mining.com

Platinum has emerged as the breakout performer of 2025’s precious metals surge, soaring nearly 90 percent to its highest level in over a decade. Metals Focus weighs in on whether its strength will continue, as well as the outlook for palladium. By Melissa Pistilli for Investing News network.

Precious metals consultancy Metals Focus says in its latest ‘Precious Metals Investment Focus’ report for 2025/26 that gold prices will continue to rise in 2026, with the metal likely to reach the $5 000/oz level. The consultancy explains that ongoing uncertainty on US trade policy, a weaker dollar and declining real interest rates are key drivers for an even higher gold price. By Marleny Arnoldi for Creamer Media’s Mining Weekly

This year, demand for the metal is expected to exceed supply for the fifth consecutive year, according to Silver Institute forecasts. “I think the deficits are the slow burn,” said Philip Newman, director of consultancy Metals Focus. “Just the size of the deficits have been so remarkable, and it takes time for that to manifest itself in the price.” By Mining.com

Metals Focus attributed the rising popularity of silver investing to superannuation accounts and the favourable tax structure applicable to physical silver investment products as the main reasons for Australia’s market growth.

“Silver’s relative popularity compared to gold among Australian retail investors is among the highest in the world,” the report said. “Although gold is often the starting point for investors looking to invest in precious metals, relative allocations to silver are larger than what we see elsewhere. By Kristie Batten for Stockhead

Independent precious metals research consultancy Metals Focus PGM research director Wilma Swarts was bullish at the PGMs Industry Day on palladium and rhodium, while S&P Global Commodity Insights senior mining analyst Jason Holden took a similar view on the supply of palladium, highlighted Mainama. By Creamer Media’s Mining Weekly

Despite recent pressures, silver prices are likely to head higher in the coming months, according to Chirag Sheth, Principal Consultant for South Asia at Metals Focus. Silver briefly weakened due to two factors – lower base metal prices and discussions in the US about cutting tax benefits on green energy. These affected sentiment since silver is used in electric vehicles and solar panels. By Manisha Gupta for CNBC

Metals Focus sees the global platinum market in a deficit of 529,000 ounces this year, but the resulting reduction in above-ground stocks will still leave them at 9.2 million ounces, equal to 14 months of demand – a fairly comfortable buffer. While uncertainty over U.S. trade policy on platinum lingers, raising import tariffs for the metal would ultimately be counterintuitive, says Wilma Swarts, director of PGMs at Metals Focus, as North American supply falls short of the region’s demand. By Polina Devitt and Anushree Ashish Mukherjee for Reuters

At the heart of gold’s appeal is its freedom from government liabilities, market experts gathered at the annual Asia Pacific Precious Metals Conference told CNBC on Monday. “Gold’s key advantage is that it is no one else’s liability,” said Nikos Kavalis, managing director at Metals Focus. “When an investor owns Treasurys, other sovereign bonds and even currencies, they are ultimately buying into the respective economy,” he said. By Lee Ying Shan for CNBC