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DBP - Silver Demand Outstrips Supply For Third Straight Year
Invesco DB Precious Metals Fund
2024-04-20 03:35:00 ET
Summary
Silver demand outstripped supply for the third straight year in 2023.
Total silver demand dropped, declining about 7% to 1.2 billion ounces.
Chinese silver industrial demand rose by a remarkable 44% to 261.2 million ounces, primarily due to growth for green applications.
By Mike Maharrey
Silver demand outstripped supply for the third straight year in 2023. Silver mine output fell by 1 percent to 830.5 million ounces last year, according to the final data released by the Silver Institute....