Silver may have reached the peak in mine production
Similar to gold, not enough silver is currently mined to meet annual demand. These calculations do not include recycling. In 2021, demand for silver was 1049 million ounces. Mined were 997.2 million ounces. According to the Silver Institute forecasts, the current year will bring record demand for the precious metal, which is also called the little brother of gold. The deficit in 2022 is estimated to be twice as large as the deficit in the previous year. Silver mine production is expected to grow