According to the Silver Institute, global demand for silver is expected to hit a record 1.112 billion ounces in 2022, driven by industrial fabrication, which is forecast to improve by 5%, “as silver’s use expands in both traditional and critical green technologies.”
After shifting to a deficit in 2021 for the first time in six years, SI says the silver market is expected to record a supply shortfall of 20 million ounces this year.
I love this sort of predection.
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