According to the 2023 World Silver Survey, demand outstripped supply in 2022 by nearly 238 million ounces – “possibly the most significant deficit on record.” Supply was about 20% short of what was needed to maintain equilibrium. Meanwhile mine output fell versus the prior year – confirming what the Hecla CEO said about the difficulties miners face in bringing new production online.
https://www.activistpost.com/2023/11/demand-for-silver-is-greater-than-new-supply-will-it-matter.html
https://www.activistpost.com/2023/11/demand-for-silver-is-greater-than-new-supply-will-it-matter.html
According to the 2023 World Silver Survey, demand outstripped supply in 2022 by nearly 238 million ounces – “possibly the most significant deficit on record.” Supply was about 20% short of what was needed to maintain equilibrium. Meanwhile mine output fell versus the prior year – confirming what the Hecla CEO said about the difficulties miners face in bringing new production online.
https://www.activistpost.com/2023/11/demand-for-silver-is-greater-than-new-supply-will-it-matter.html
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