Silver Market Faces Major Deficit as Industrial Demand Hits Record Highs The Silver Institute’s annual World Silver Survey, conducted by UK-based Metals Focus, projects the silver market it to experience its second-largest deficit in two decades in 2024. This forecast is driven by a record 9% increase in industrial demand, expected to reach 710.9 million ounces, with the solar sector playing a crucial role. Demand for silver in photovoltaic (PV) solar panels alone is anticipated to surge by 20% to 232 million ounces. As a result, robust demand continues to surpass supply, supporting high silver prices and leading to a further depletion of above-ground stocks. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts LA's Housing Crisis: 97% of Residents Priced Out of Homeownership READ MORE Nearly One-Third of American Families 'One Crisis Away' from Poverty READ MORE New UBS Forecasts Predict Silver Prices to Hit $38 by Mid-2025 READ MORE Gold Demand Hits Q2 Record Despite Consumer Pullback READ MORE Jobless Claims Drop Unexpectedly, Signaling Resilient Labor Market READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment