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Prospector News Podcast – Michael DiRienzo “Silver Demand is expected to grow in 2024. Supply Deficit Remains”

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Prospector News Podcast – Michael DiRienzo “Silver Demand is expected to grow in 2024. Supply Deficit Remains”

 

 

 

 

Prospector News Publisher, Michael Fox is joined by the President and CEO of the Silver Institute, Michael DiRienzo. We discuss the demand data for 2024 and the Silver Institute expects a 1% rise from 2023. Most of the increase is coming from silver’s use in Solar Panels, Vehicles (particularly but not limited to Electric Vehicles) and its usage in electronics. Silver has been in deficit according to the Institute’s data for several years and that is expected to continue.

 

The second part of the conversation revolved a letter sent by 20 silver executives of which the Silver Institute was one, laying out the case to the Canadian Government as to why Silver should be on the Critical Metals List. The rational being that silver demand from the “Green Energy” sector was going to put increasing demands on Silver Supply going forward. The 3 largest Silver producing nations (Mexico, Peru and China) could be undertaking policies that would hamper Silver Supply going forward and Canada could be in a position to pick up the slack.

 

Read a Copy of the Silver Letter Here

 

The Silver Institute

Posted February 15, 2024

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