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Silver Demand Hits a Sixth Straight Deficit, The Supply Math Doesn't Add Up

Silver Demand Hits a Sixth Straight Deficit, The Supply Math Doesn't Add Up Canada NewsWi...

articleVizsla Silver Corp.February 26, 20264/company/vizsla-silver-corp/news/silver-demand-hits-a-sixth-straight-deficit-the-supply-math-doesnt-add-up-2
Silver Demand Hits a Sixth Straight Deficit, The Supply Math Doesn't Add Up

About this update from Vizsla Silver Corp.

[{"type":"text","content":"\n\n\nSilver Demand Hits a Sixth Straight Deficit, The Supply Math Doesn't Add Up\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nIssued on behalf of Americore Resources Corp.USANewsGroup.com News Commentary  VANCOUVER, BC , Feb. 26, 2026 /CNW/ -- The silver market is heading for a sixth consecutive year of structural deficit in 2026, with the shortfall projected at 67 million ounces as industrial consumption continues to outpace mine supply[1]. J.P. Morgan Global Research sees silver prices averaging $81 per ounce this year, more than double its 2025 average, with the physical deficit projected to reach 245 million ounces[2]. These fundamentals are drawing attention to Americore Resources (TSXV: AMCO) (OTCQB: AMCOF), GR Silver Mining (TSXV: GRSL), Pan American Silver (NYSE: PAAS), Hecla Mining (NYSE: HL), and Vizsla Silver (TSX: VZLA).\n\n\n\n\n\n\n\nTotal global silver supply is forecast to rise just 1.5% to a decade high of 1.05 billion ounces in 2026, with mine production expected to increase only 1% to 820 million ounces, a pace that continues to fall short of industrial demand[3]. The U.S. government's recent decision to add silver to its Critical Minerals list has further tightened the strategic narrative, as China controls an estimated 70% of global refined silver supply and added the metal to its rare-earth export controls in January[4].Americore Resources (TSXV: AMCO) (OTCQB: AMCOF) recently uncovered five historic core holes drilled by US Borax in 1985 at its Trinity Silver Project in Nevada that were never included in any previously reported resource estimates, signaling potentially significant silver amounts sitting in the data that nobody counted.The drill results speak for themselves: Hole SC-4 alone returned 209.5 feet grading 145.98 g/t silver, including 153 feet at 185.94 g/t.Hole SC-5 hit 246.5 feet at 97.52 g/t silver, with a higher-grade core of 70 feet at 128.26 g/t. Hole SC-1 cut 321.5 feet at 65.86 g/t, including 65 feet at 220.69 g/t.These are wide intercepts with serious grade, drilled directly in and around the histori...

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