Source: The Silver Institute and Metals Focus
(New York – November 15, 2023) – Silver Industrial demand is expected to grow 8% to a record 632 million ounces (Moz) this year. Key drivers behind this performance include investment in photovoltaics, power grid and 5G networks, growth in consumer electronics, and rising vehicle output. These key findings were reported by Philip Newman, Managing Director at Metals Focus, and Sarah Tomlinson, Director of Mine Supply, during the Silver Institute’s Annual Silver Industry Dinner in New York tonight, featuring historical supply and demand statistics and estimates for 2023.
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