Silver set to see smallest deficit in four years


The deficit is expected to be 117.6 million troy ounces. — Bloomberg

NEW YORK: The global silver market is expected to register the smallest annual deficit in four years in 2025, with US tariffs a key risk to demand, according to the Silver Institute.

The deficit is expected to be 117.6 million troy ounces, the industry group said in its 2025 annual outlook.

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