Silver hits new highs again, and various analyses are flying everywhere. Recently, the hot topic in the English community has focused on the supply side—some voices point out that domestic silver demand for solar panels and new energy vehicle production is strong, and export controls for enterprises are tightening accordingly. This chain reaction directly impacts the global silver circulation and has even attracted the attention of many influential figures.

From a market logic perspective, a contraction on the supply side indeed tends to push prices higher, but interpretations of the specific reasons vary widely. Domestic discussions have only recently been heated up, but the underlying changes in industry demand are real. As a strategic commodity, silver involves energy transition and technological manufacturing, and any policy adjustments could trigger global waves. How far this trend can go ultimately depends on subsequent changes in the supply side.