Why Silver Deficit Is Even Worse Than You Thought

November 25, 2025

The Silver Institute announced that they are forecasting another deficit in the silver market in 2025.

But while they said that the deficit was expected to be 95 million ounces, there was another detail that didn't get captured in the headline, that shows it's actually much worse than you may have thought.

Arcadia Economics

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Peru became the world’s largest producer of silver in 2012.

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