Page 14 - Bullion World Volume 03 Issue 5 may 2023

Bullion World | Volume 3 | Issue 5 | May 2023

Price forecast

Silver Price Forecast, 2023 average $21.20, -3%

Segment Wise Silver Demand

1. Industrial Demand
A new high for industrial offtake, +5% to 556Moz in 2022

2. Photo Vaultic(PV) Demand
PV demand continues to strengthen, + 28% to 140Moz

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