Global silver demand reaches new high in 2022, record supply-demand deficit

IMG Auteur
 
Published : November 21st, 2022
110 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

TheSilverInstitute/Staff/11-17-2022

“Physical investment in 2022 is on track to jump by 18% to 329 million ounces, which would also be a new record. Support has come from investor fears of high inflation, the Russia-Ukraine war, recessionary concerns, mistrust in government, and buying on price dips. The rise was boosted further by a (near-doubling) of Indian demand, a recovery from a slump last year, with investors often taking advantage of lower rupee prices.”

USAGOLD note: TSI also reports a record deficit between supply and demand – 194 million ounces.

Silver surplus or deficit
(Millions of troy ounces)

Chart by USAGOLD [All rights reserved] • • • Data source: The Silver Institute

Read the rest of the article at USA Gold
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS