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 Treasury Yields Decline Following Lower-Than-Anticipated Inflation Report READ MORE Currency Made of Actual Gold Hoping to Reach Nevadan’s Wallets READ MORE Fed Rate Cut Propels Gold to New Record Highs READ MORE Costco Offers Gold, But Reselling Proves Challenging READ MORE Fed's Inflation Blunder Sets Stage for Looming US Recession, Says Top Economist READ MORE Add a Comment Cancel replyYour email address will not be published.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