BottomBounce
2 days ago
$SPY Based on the information provided, the world is currently facing a significant silver deficit, consuming 1.3 billion ounces of silver per year while only producing 830 million ounces through mining, indicating that old mines are being depleted faster than new sources are being discovered and developed, leading to a potential supply shortage.
Key points:
High consumption:
Global silver consumption is significantly higher than production at 1.3 billion ounces compared to 830 million ounces produced annually.
Depleting mines:
The deficit is likely due to older silver mines being depleted, unable to keep up with the current demand.
Potential supply issues:
This gap between consumption and production could lead to future challenges in securing enough silver to meet industrial and investment needs.