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Global Silver Supply Deficit 2021-2025

The global silver supply has failed to meet demand from 2021 to 2025, resulting in a structural deficit and higher prices, driven by industrial consumption and investment flows.

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Jan 18, 2026
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How do silver mining production and recycling rates compare to demand today?

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...