Global demand for silver will decline by 9.4% this year largely due to a drop in investment, but the market will maintain a deficit, according to a report from Chilean state agency Cochilco.
"The drop in demand would originate, fundamentally, from the decline in physical investment in silver in 2023, given a lower participation of Indian investors compared to 2022," Cochilco's executive vice president, Joaquín Morales told Reuters.
