More Good News On The Silver Deficit

Supply down, demand up. Thanks, China!

Ah, the silver story. It just keeps getting better. Here’s an update from the Silver Institute:

Industrial Silver Demand Sets Record

Record use of silver in industrial applications set a new high in 2023 at 654.4 million ounces (Moz). Ongoing structural gains from green economy applications underpinned these advances as they did in 2022. Higher than expe…