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Index/Topics/Silver Supply Deficit

Silver Supply Deficit

The existing annual deficit in global silver supply and its potential to deepen due to the 2026 export shock.

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Jan 22, 2026

How quickly can global silver recycling scale to materially offset a 2026 export shock?

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‑...

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