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Silver Shortage 2023? Why Global Silver Demand is Outpacing Supply | The Gold Spot
It's well-established that governments, banks, and investors are binging on gold, but it's not the only precious metal shattering records. A recent report from the Silver Institute reveals shocking numbers surrounding the global supply and demand of silver.
For the past two years, silver demand has outpaced available supplies leading to higher premiums and more expensive products such as silver bars, #silver coins, and other bullion items. This unprecedented demand comes after 11 years of surplus supply.
The staggering increase in demand is caused by two primary factors. First and foremost, investors are turning to #silver and gold to hedge against inflation and other economic pressures. On top of that, the industrial need for silver heightens as electric cars and solar panels are manufactured in increasing numbers.
The disparity between skyrocketing demand and stagnant supply is only supposed to worsen in the near future as the economic situation drops to new lows. Although it's tempting to wait until gold and silver prices are lower to buy in, silver prices are impossible to time correctly.
Watch this week’s The Gold Spot to hear Precious Metals Advisors Todd Graf & Tim Murphy explain the silver supply and demand imbalance, how it's impacting silver prices, and how investors should respond.
🔗 RELATED LINKS:
👉 Read more here – Silver Shortage 2023? Why Global Silver Demand is Outpacing Supply: https://www.sbcgold.com/blog/silver-shortage-2023-why-global-silver-demand-is-outpacing-supply/
🪙 Why Silver Eagles Are So Expensive Right Now & Better Buys: https://www.sbcgold.com/blog/why-silver-eagles-are-so-expensive-right-now-better-buys/
🪙 Silver Price Forecasts 2023: https://www.sbcgold.com/silver-price-forecasts/silver-price-forecast-2023/
📈 See live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/
🪙 Buy gold and silver coins in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/coins/
👉 Buy Silver Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-silver-bars/
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