2016 Silver Deficit

According to the interim Silver Institute report, silver is still in deficit for 2016 at 52.2 Moz in 2016.

So the deficit trend is still intact although softer compared to historical deficits. The net balance is now -185.5 Moz.

 

Total silver supply is forecast to fall 3% in 2016, but demand has also fallen 10% from last year.