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 Gold's Glittering Milestone: Surges Past $2,300 Amid Rate Cut Hopes READ MORE Gold Prices Climb as Market Awaits Fed's Inflation Decisons READ MORE ZeroHedge: Gold/Silver: Four Fed Speakers today, Key Levels to Watch READ MORE America's Debt Crisis: The Hard Truths Politicians Won't Tell Voters READ MORE Goldman still bullish on gold, China underpinning demand outlook By Investing.com READ MORE Add a Comment Cancel replyYour email address will not be published.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