SILVER
Building upon the momentum of 2022’s surge in silver consumption for industrial applications, 2023 saw yet more record-breaking industrial demand, reaching 654.4-million ounces, fuelled by the expanding landscape of green economy initiatives. While there was a slight downturn in overall silver demand attributed to reduced interest from price-sensitive sectors such as physical investment, jewellery and silverware, the industrial demand segment demonstrated steadfast growth.
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