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Multiple industry reports and news outlets describe a persistent structural deficit in the silver market since 2021, with cumulative shortfalls approaching roughly 800 million ounces and 2025 deficits...
is concentrated and opaque: industry commentary places total refining throughput at roughly 1.3 billion ounces per year across a few dozen major refineries, with accounting for an outsized share — com...
Global silver supply — the sum of mine production and recycling — has failed to keep pace with demand in recent years, producing a multi‑year structural deficit that continued into 2025 and helped dri...
Most credible, peer‑cited counts place annual primary in 2024–2026 at roughly 800–835 million ounces and secondary (recycled) supply in the 180–195 million ounce range, leaving total accessible supply...
and early‑2026 price action is backed by repeated industry estimates of multi‑year supply deficits, shrinking exchange inventories and regional premiums that signal physical scarcity . At the same tim...
The publicly available record on is patchwork: exchange and vault inventories, industry aggregates, lease‑rate movements and research are reported openly, but granular bank‑by‑bank physical inventorie...
depends on a mix of geological materials (primary ores like galena, argentite and telluride minerals) and processing inputs (crushing/grinding equipment, flotation reagents, smelters/refineries and ph...
The publicly available reporting identifies a small set of companies and national smelting networks as the principal producers of —prominently ’s Industrias Peñoles (named as the world’s top producer ...
Silver’s near‑term prospects in the world economy hinge on a collision between rising industrial demand—especially from , and electronics—and macro forces tied to and liquidity; many analysts see cont...
Major public silver miners and a handful of focused silver companies are signaling clear production ramps: is guiding materially higher attributable silver ounces for 2026, is positioning to scale out...
Global silver recycling increased to about 193.9 million ounces in 2024 and is projected to be roughly flat or to rise modestly into 2025–2026, but available reporting shows that even optimistic near‑...
Silver has surged to roughly $57–$59 per ounce in early December 2025, up about 100% year‑to‑date and setting nominal record highs in the first days of December (intraday highs reported between $58.97...