Industrial demand
Annual industrial silver demand reported in the World Silver Survey 2026.
Silver Institute · 15 Apr 2026
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Silver Institute · 12 Nov 2026Projected market deficit
An annual flow estimate; it does not predict the direction of silver prices.
Silver Institute · 12 Nov 2026Moz = million troy ounces. Boz = billion troy ounces. Historical estimates and forecasts are distinct. Research checked 14 November 2026; no live price feed.
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100 troy oz of .999 silver
Assumed spot / fine oz$50.00
Premium / purchase tax8% / 0%
Shipping / 1-year storage$25 / 0.5%
Modelled total cost$5,444.58
User assumptions, not a quote. Storage is applied to initial metal value.
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