Silver Deficit Getting More Severe | Clive Thompson

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Clive Thompson highlights a significant and growing shortage of silver, driven by a decline in mining output and increasing industrial demand. The silver supply has been shrinking annually, with a notable deficit emerging as early as 2022. This shortfall is exacerbated by rising consumption in electronics and photovoltaic applications, which are expected to continue expanding. Thompson anticipates that the shortage will persist and worsen, potentially driving silver prices beyond previous peaks as higher prices incentivize increased recycling efforts.