PRECIOUS METALS

Silver deficit could reach record in 2022

THE global silver market is expected to potentially see its largest physical deficit this year as demand surges across all segments – notably in India, according to consultancy Metals Focus said.

The group forecasts demand to rise 16% year on year to a new high of 1.2Boz, or 37,644t.

The group forecasts demand to rise 16% year on year to a new high of 1.2Boz, or 37,644t.

The deficit - forecast at 194 million ounces, or 6023 tonnes - will be, "at the very least", a multi-decade high, Metals Focus said, noting that comparisons with earlier data sets make it difficult to...

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