45 New AI Billionaires. A New Reason to Watch Silver.

Key Takeaways
- Forbes says AI helped create 45 new billionaires in the past year, with AI-related wealth reaching roughly $2.9 trillion.1
- AI depends on real-world systems — data centers, chips, power grids, and advanced electronics — all areas tied to silver demand.3
- The 2026 World Silver Survey points to a sixth consecutive annual silver deficit,3 raising a timely question for savers: Is now the right time to buy silver?
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Artificial intelligence has become one of the fastest wealth engines in modern history.
Forbes says at least 86 billionaires on its 2026 list now have wealth tied to AI. Even more striking, 45 new AI billionaires were added in the past year alone, with combined AI-related wealth around $2.9 trillion.1
Bloomberg reported a similar rush of new wealth. In just 12 months, 19 new billionaires emerged emerged from AI startups, with a combined net worth of $59.3 billion.2
The numbers are enormous. But they’re only part of the story.
Every AI answer, image, search, summary, or calculation has to be processed somewhere. That takes data centers filled with servers and chips, supported by power systems, cooling equipment, and electrical connections.
So while AI is creating huge fortunes in software, it’s also increasing demand for the physical systems that make AI possible.
That’s where silver comes in.
Why AI Puts Silver Into the Conversation
AI feels instant.
You type a prompt, and the answer appears in seconds.
Behind that simple exchange is a physical network that has to be built, powered, and cooled. Data centers hold the servers. Chips process the information. Power systems keep everything running. Cooling systems help protect the equipment.
Silver is used in many of those systems.
The Silver Institute says the expansion of data centers, artificial intelligence-related technologies and the automotive sector are expected to support silver consumption across a range of industrial uses in 2026.3
Silver is already used in electronics, solar technology, vehicles, power systems, and data centers. As AI pushes demand for more computing power, those physical systems become more important.3
The scale is changing quickly.
According to the Silver Institute’s Oxford Economics report, global data center IT power capacity rose from 0.93 gigawatts in 2000 to nearly 50 gigawatts in 2025 — roughly a 53-fold increase.3
Put simply, data centers have gone from a smaller corner of the technology world to a massive physical footprint.
And that footprint needs real materials.
Silver is one of them.
Which raises the next question about AI and silver demand: As AI demand grows, how much pressure could that put on an already tight silver market?
The 2026 Silver Deficit Makes the Timing More Important
AI-related demand is arriving at a meaningful moment for silver.
The 2026 World Silver Survey points to a sixth consecutive annual silver deficit, with the market expected to fall short by 46.3 million ounces.38
A deficit does not mean there is no silver available to buy. It means annual demand is expected to exceed annual supply. The gap can be filled by existing inventories, above-ground stockpiles, recycling, and market flows.
Still, repeated deficits matter.
They can tighten available supply, increase competition for physical metal, and make timing more important for buyers watching the market.
Supply also can’t increase quickly.
One reason is that most silver does not come from mines that only produce silver. The Silver Institute says primary silver mines are expected to provide just 28% of silver mine production in 2026.9
So, even when silver demand rises, new supply may take time to respond.
For retirement savers, that makes the timing question more relevant. If AI-related demand keeps building while silver remains in deficit, the decision to wait may come with a different set of risks than it used to.
That’s one reason silver is attracting attention from investors who see more than a typical industrial metal.
Why Billionaire Investor Eric Sprott Is Paying Attention
Eric Sprott is one of the most closely watched names in precious metals.
He’s a billionaire resource investor, founder of Sprott Inc., and one of the most vocal silver bulls in the market. He has spent decades investing in gold, silver and mining companies.6
Forbes ranks Sprott No. 934 on its 2026 Billionaires list 7 — a notable placement for an investor whose fortune is so heavily tied to precious metals. According to Yahoo Finance, Sprott has placed 98% of his roughly $3 billion fortune in gold and silver.5
Sprott told Forbes, “I’m not a geologist — I know nothing about rocks, but I know about numbers…”5
And when he looks at silver’s numbers, his view is clear.
“I think the prices are going much higher, quite frankly. I think silver can easily go to $200, even $300. I think gold could go to $10,000.” 5
—Eric Sprott, Forbes 2026 Billionair
Those are Sprott’s personal targets, so they should be viewed as one investor’s opinion.
But the reason he’s watching silver is worth understanding.
The modern economy demands silver. It also has precious metals demand from investors who want a hard asset during periods of inflation, currency pressure, debt concerns, or market uncertainty.
In 2026, both sides matter: Technology is expanding, investment demand is rising, and the silver market is expected to run another deficit.3
Sprott has also emphasized physical ownership. In a Kitco interview, he discussed taking delivery and holding allocated physical metal rather than relying only on paper assets.6
That distinction holds actionable meaning for savers who want their precious metals tied to real, physical assets — with ownership they can verify and understand.
What This Means For Your Retirement
For many retirement savers, the AI story looks like a stock market story.
It shows up as a data-driven tool through big tech, chipmakers, software companies, startup valuations, and new billionaires.
Silver adds another layer. It connects the AI boom to physical assets.
AI’s growth depends on physical systems. Those systems require power, electronics, infrastructure, and materials. Silver is part of that picture.
That matters because retirement planning is not only about chasing asset growth. It’s also about protecting what you’ve built, staying diversified and understanding where new demand may be forming.
Silver sits in a unique place.
Industry needs it for technologies reshaping the economy. It also belongs to the precious metals category, where investors often look when they want hard assets outside the traditional paper system.
For retirement savers, that combination can make silver worth a closer look.
Is Now the Right time to Buy Silver?
That brings the conversation to timing.
Silver is getting attention from several directions at once: AI-related technology growth, data center expansion, industrial demand, physical investment demand, a projected 2026 supply deficit, and renewed interest from major precious metals investors.
The question is whether those forces make this a moment to act — or a moment to wait.
That answer depends on your retirement goals, your current savings, your risk tolerance and how you think about diversification.
Silver can move quickly in both directions. That’s why timing deserves a careful look before making a decision.
For qualified savers considering physical gold and silver, the next step is getting clear answers.
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References
- Forbes.Meet The 45 AI Newcomers To Forbes’ 2026 Billionaires List.March 10, 2026.
- Bloomberg.AI’s New Money. May 19, 2026.
- Silver Institute.World Silver Survey 2026.April 2026 PDF.
Clickable link: - Canadian Mining Report.Silver to $300? Eric Sprott Thinks the Metal Could Surprise Investors.
- MoneyWisevia Yahoo Finance. Billionaire Eric Sprott put 98% of his $3 billion fortune in gold and silver — and says gold is headed to $10,000. May 14, 2026.
- Kitco News. The banks have lost control: Eric Sprott on the $300 silver squeeze and his massive mining sweep. February 27, 2026.
- Forbes.Profile: Eric Sprott.Accessed June 24, 2026.
- Oxford Economics,The SilverInstitute. “Silver, The Next Generation Metal.” December 2025.
- The Silver Institute.“Global Silver Investment to Remain Strong in 2026 Against the Backdrop of a Sixth Consecutive Annual Market Deficit.”February 10, 2026.



