By Peter Hobson
International demand for silver rose by 18% final 12 months to a document excessive of 1.24 billion ounces, creating an enormous provide deficit, the Silver Institute mentioned on Wednesday, predicting extra shortages within the years to return.
The silver market was undersupplied by 237.7 million ounces in 2022, the institute mentioned in its newest World Silver Survey, calling this “presumably probably the most vital deficit on document”.
