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Index/Topics/Silver Demand 2024-2025

Silver Demand 2024-2025

The estimated demand for silver in 2024 and 2025, and the resulting deficits.

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Feb 1, 2026
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What are the most credible estimates of annual silver recycling and primary mine production through 2026, and how sensitive are they to price?

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...

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