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World Silver Demand 2022

World
Silver
Demand
2024

Source: World Silver Survey 2024 — The Silver Institute.

 
World Silver Demand 2022

Silver
Demand

is forecasted to exceed supply in 2024 marking the fourth consecutive year of a structural market deficit.

* World Silver Survey 2024 – the Silver Institute.

 
World Silver Demand 2022

Mexico

was the top silver producer in 2022 and has been since 2009.

Source: Statista.com/ Kitco.com 2023

 
 
World Silver Demand 2022

74%

of silver is produced as a secondary mining byproduct;

the silver market is wholly inelastic; higher silver prices will do little to spur more supply.

World Silver Survey 2024 - The Silver Institute

 
 

World's 10 Largest silver mines

Half are in Mexico

 

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