World headed for silver deficit – report ...News

Russia Today - Economy
World headed for silver deficit – report
source : Russia Today ( News ) () 45
Global consumption is expected to rise sharply by year’s end, resulting in the biggest demand-supply gap in decades The world is on the brink of a major silver supply shortage this year, the Silver Institute, a US-based agency monitoring the metal, said in its latest report. Global demand for silver from industrial consumers, manufacturers of jewelry and housewares, and retail investors is expected to rise a record 16% against last year to a new all-time high of 1.21 billion ounces by the end of 2022, according to the report published on the agency’s official website. As a result, the silver market is facing a mul

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