1 March 2024
In 2024, global silver demand is anticipated to surge to 1.2 billion ounces, propelled by robust industrial consumption. This forecasted figure would mark the second-highest demand level in history and set a new record for annual industrial use. This projection is based on insights from the Silver Institute and the precious metals consultancy, Metals Focus. The significant increase underscores the growing industrial applications of silver and reflects optimism about its future market dynamics.