First published by Money Metals Exchange here: https://www.moneymetals.com/news/2022/04/25/silver-supply-deficit-frames-bullish-outlook-002518

Silver prices have retreated since hitting a multi-year high in early March. While disappointing to bulls, they should find some encouragement in the white metal’s technical and fundamental drivers. To begin with, gold and silver are still up for the year overall. By contrast, stock and bond markets are sticking investors with large losses.