Is There a world Silver Shortage
The question everyone is asking right now Is there a world Silver Shortage on the horizon. With the electric age growing around the world will there be enough silver to meet the demand. Silver is an important part in the up and coming revolution of green energy.
There is no definitive answer to whether there is a world silver shortage, as different sources may have different definitions and criteria for what constitutes a shortage. However, based on the web search results, it seems that there is a growing consensus that the global demand for silver is outpacing the supply, creating a significant deficit in the silver market. Some of the main points from the results are:
Is There a world Silver Shortage
- According to the Silver Institute, global demand for silver rose by 18% in 2022 to a record high of 1.24 billion ounces, while the supply was only 1.004 billion ounces. This created a huge supply deficit of 236 million ounces, the largest in history.
- The Silver Institute also predicts that the deficit will continue in the years to come, as industrial demand for silver increases, especially for photovoltaic applications, electronics, and electric vehicles. Silver is also seen as a safe-haven asset and a hedge against inflation, attracting more investors in uncertain times.
- Some analysts suggest that the silver market is not in a shortage yet, but is much tighter than the current price indicates. They argue that the market has not fully realized the potential of silver as a vital commodity for modern life, and that the price will eventually reflect the true value of silver.
- Others claim that there is already a silver shortage in 2023, as the demand for silver bullion bars and coins exceeds the available supply. They point out that the US Mint and other mints around the world have faced difficulties in sourcing enough silver blanks to produce enough coins to meet the demand. They also warn that the silver stockpiles are falling rapidly and may not last for long.
What will the Silver Price be in 2024
There is no definitive answer to what the fair value of silver will be in 2024, as different investors may have different expectations, preferences, and risk appetites. However, based on the web search results, it seems that most investors are bullish on silver and expect it to rise significantly in the next few years. Some of the main points from the results are:
- According to a report by Reuters, silver prices are expected to average $23 per ounce in 2023 and $24 in 2024, sharply higher than the $20 for 2023 predicted in the last poll. The report cites China’s economic recovery and global manufacturing activity as the main drivers of silver demand.
- According to Gov Capital, an algorithm-based forecasting service, silver prices could close out 2023 at a potential average of $36.10, $52.18 by the end of 2024, and $74.75 by December 2025. The service uses historical data, technical analysis, and market sentiment to generate its predictions
- According to Coin Price Forecast, another algorithm-based forecasting service, silver prices could reach $29.62 by the end of 2024, $40.64 by the end of 2025, and $76.03 by the end of 2030. The service uses a combination of linear and polynomial regressions to project future prices.
- According to Physical Gold, a UK-based precious metals dealer, silver prices could rise to $46.26 by the end of 2024, $70.93 by the end of 2025, and $102.18 by the end of 2030. The dealer bases its forecast on factors such as inflation, industrial demand, and the strength of the US dollar.
In these crazy times of geo political chaos and economical cliffs one could fall off at any moment Silver should be good protector. Let’s face the facts. There is a supply shortage looming. Many countries around the globe look at silver as money. With the U.S. about to fall off a bond cliff protection should be paramount for everyone.
Take Action and get protected with Silver Coins. If stock markets crash due to high interest rates then all stocks will fall. Silver Coins should shine in this kind of world. Don’t take this as investment advice it is just my opinion.