Global silver deficit to rise in 2024 due to higher demand, lower supply

From Mining.com

The global silver deficit is expected to rise by 17% to 215.3 million troy ounces in 2024 due to a 2% growth in demand led by a robust industrial consumption and a 1% fall in total supply, the Silver Institute industry association said on Wednesday.

Silver, which is used in jewellery, electronics, electric vehicles and solar panels, as well as an investment, faces the fourth year of a structural market deficit.