SMM: Silver Market Remains Bullish Amid Rare Backwardation and Tight Supply

[SMM PGM Express] Osmium is attracting growing attention in the luxury goods and alternative investment markets, supported by its exceptional rarity (most rare preciuos metal on earth) and increasing use in high-end jewellery. Industry sources indicate that crystalline osmium prices have increased by nearly 500% over the past eight years, reflecting limited supply and expanding demand from collectors and luxury brands. Global osmium output remains extremely limited, as the metal is recovered only as a by-product of platinum group metal mining. Industry estimates suggest that approximately 22 tonnes of recoverable osmium remain available, underscoring its scarcity and contributing to a relatively small global market. Most refined crystalline osmium is currently held by long-term investors, limiting the volume available for trade. Beyond its rarity, crystalline osmium is gaining recognition for its unique physical properties, including its high density, natural brilliance and traceable certification system, making it increasingly attractive as both a luxury material and a tangible asset. As interest expands beyond Europe into markets such as China and the United States, market participants will continue to monitor supply availability, investor demand and adoption by the luxury jewellery sector as key drivers of future price trends.