Supply and Demand Dynamcis Shows Silver is Undervalued Silver is currently underpriced when considering the supply and demand dynamics for 2023. The Silver Institute’s preliminary projections suggest a record industrial demand for silver, leading to a significant market deficit. At the Silver Industry Dinner in New York City, it was revealed that industrial silver demand is expected to surge by 8% to an unprecedented 632 million ounces. This increase is fueled by investments in photovoltaics, power grids, 5G networks, consumer electronics, and vehicle production. However, this industrial demand is contrasted by a projected 21% decline in physical investment demand for silver coins and bars, primarily due to reduced investment in India and Germany, influenced by high local prices and tax changes, respectively. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts December Consumer Prices Rise Unexpectedly, Surpassing Forecasts READ MORE China Launches Massive $140 Billion Bond Sale to Fuel Economic Growth READ MORE Silver's Hidden Potential: The Path to $50? READ MORE How Much Gold Do I Need To Retire? 1oz Per Month? READ MORE Gold's Rally Leaves Some Market Experts Baffled READ MORE Add a Comment Cancel replyYour email address will not be published.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