Silver to remain in supply deficit in 2025.

While supply is expected to expand faster than demand in 2025, the Silver Institute expects silver to remain in supply deficit with the outlook for the metal determined by speculative interest.

The Silver Institute published its annual World Silver Survey last week (HERE).

The Silver Institute’s research suggests that changes in annual supply and demand – and whether the metal is in surplus or deficit – has little explanatory power for the price of silver in the short-term. This is due largely to the fact that the total stock of the metal, inc…