{"id":2075,"date":"2024-04-17T12:52:49","date_gmt":"2024-04-17T12:52:49","guid":{"rendered":"https:\/\/stoxpo.com\/?p=2075"},"modified":"2024-04-17T12:52:50","modified_gmt":"2024-04-17T12:52:50","slug":"silver-market-deficit-expected-to-grow-in-2024","status":"publish","type":"post","link":"https:\/\/stoxpo.com\/index.php\/2024\/04\/17\/silver-market-deficit-expected-to-grow-in-2024\/","title":{"rendered":"Silver Market Deficit Expected to Grow in 2024"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">Industrial Demand and Supply Constraints Drive Projected Increase<\/h4>\n\n\n\n<p>The global silver market is anticipated to face a 17% rise in its deficit, reaching 215.3 million troy ounces in 2024, reports the Silver Institute industry association. This projection stems from a 2% surge in demand fueled by robust industrial consumption, coupled with a 1% decline in total supply.<\/p>\n\n\n\n<p>Silver, essential in various sectors including jewelry, electronics, electric vehicles, and solar panels, enters its fourth consecutive year of a structural market deficit. Despite a 30% decrease last year, the deficit remains significant, providing robust support for silver prices.<\/p>\n\n\n\n<p>Visible silver inventories, along with substantial metal stocks held by individuals and investors, currently shield the market from a potential squeeze. However, the continuous deficits could influence market dynamics in the future, as per Philip Newman, managing director at consultancy Metals Focus.<\/p>\n\n\n\n<p>In 2023, spot silver prices reached a more than three-year high of $29.79 per ounce amidst a gold rally and strong copper prices, showcasing the ongoing strength in the precious metals market.<\/p>\n\n\n\n<p>You might like this article:<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"> <a href=\"https:\/\/stoxpo.com\/index.php\/2024\/04\/17\/future-pak-proposes-acquisition-of-vanda-pharmaceuticals\/\">Future Pak Confirms Proposal to Acquire Vanda Pharmaceuticals<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industrial Demand and Supply Constraints Drive Projected Increase The global silver market is anticipated to face a 17% rise in its deficit, reaching 215.3 million troy ounces in 2024, reports the Silver Institute industry association. This projection stems from a 2% surge in demand fueled by robust industrial consumption, coupled with a 1% decline in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2076,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"8","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar-narrow","sidebar":"author","second_sidebar":"single-right","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]}},"categories":[361,406],"tags":[],"coauthors":[453],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/2075"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=2075"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/2075\/revisions"}],"predecessor-version":[{"id":2077,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/2075\/revisions\/2077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/2076"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=2075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=2075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=2075"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=2075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}