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World
Silver
Demand
2024
Source: World Silver Survey 2024 — The Silver Institute.
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Silver
Demand
is forecasted to exceed supply in 2024 marking the fourth consecutive year of a structural market deficit.
* World Silver Survey 2024 – the Silver Institute.
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Mexico
was the top silver producer in 2022 and has been since 2009.
Source: Statista.com/ Kitco.com 2023
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74%
of silver is produced as a secondary mining byproduct;
the silver market is wholly inelastic; higher silver prices will do little to spur more supply.
World Silver Survey 2024 - The Silver Institute
World's 10 Largest silver mines
Half are in Mexico