Page 12 - Bullion World Volume 03 Issue 5 may 2023
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Bullion World | Volume 3 | Issue 5 | May 2023
Launch of World Silver Survey 2023
Mr Chirag Sheth, Principal Consultant, Metals Focus
Global Mined Silver Production
Output fell the most in Central & South America, rose In 2022 Peru dropped behind China
the most in North America. as the third biggest silver producer.
Global silver production is forecast to rise by 2.4% y/y to 842.1Moz, this will largely be driven
by new projects coming on-line and ramping up.
Global Demand in 2022
Global demand in 2022, up 18% or 187Moz
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