The 2025 Silver survey has been released. We had a 210 Moz deficit last year, and that's following on from a deficit in the last 5 years totalling over a Billion Oz's. That's an entire year of total mine and scrap supply gone in deficits. The supply to this deficit has to be coming from somewhere for the silver market to remain stagnant, void of any sharp price increases. This is why the LBMA and COMEX vaults are being drained. It's only a matter of time before all aboveground supply is depleted and we enter the age of The Silver Shortage. Stock up while you can because prices like these won't last forever.
Here's a link for those interested in reading the 2025 silver survey for themselves.
silverinstitute.org

Here's a link for those interested in reading the 2025 silver survey for themselves.
WORLD SILVER SURVEYS 2025 - The Silver Institute
The Silver Institute's annual World Silver Surveys for the last three decades, and more. Supply, demand, price and trade data, also available in PDF format.

