Record Silver Shortage in 2020?
On Nov. 17, the Silver Institute issued their annual interim Silver Market Review. This report was prepared for the Silver Institute by consultants at Metals Focus. This Review includes historical supply and demand statistics and projected 2020 data. You can read their summary online at www.silverinstitute.org/wp-content/uploads/2020/11/SilverInstitute2020InterimPR.pdf?fbclid=IwAR2OFsVlWs0Ec4rh8odtj8LuYOzEC-Rd-YdJoh_QpUEPL8xmydF7LyCXSQ.
As you might imagine, both supply and demand of silver declined in 2020 as a result of the economic lockdowns imposed in response to the COVID-19 coronavirus pandemic. Projected 2020 supply and demand both are likely to fall to their lowest levels in more than a decade.
The primary components of supply are worldwide new
