Supply Tightness Causing Price Escalation in Precious Metals - Gold, Silver, Uranium

Artificial intelligence, electrification, and geopolitical uncertainty are driving price increases across gold, silver, and uranium. Silver, essential for electronics, solar panels, and EVs, is experiencing supply deficits of nearly 96 million ounces in 2025, pushing prices to 14-year highs. Industrial demands now accounts for nearly 60% of total silver consumption, and AI-related infrastructure is accelerating the squeeze. Gold, the traditional safe-haven asset, is benefitting from central bank purchases with prices recently exceeding $4,000 per ounce. Uranium, meanwhile, is experiencing its highest contract prices in over 16 years- nearly $80 per pound- as nuclear power gains importance in meeting AI-driven electricity demand. Supply constraints, underinvestment, and enrichment bottlenecks further amplify the upward trend.