Visualized: The Demand for Silver Over Time (2015-2024F)

What We’re Showing

This area graph, created in partnership with Vizsla Silver Corp., uses the latest data from Metals Focus to show the changing retail uses of silver over the past decade.

Key Takeaways

-Silver’s total industrial demand will grow by over 55% between 2015 and 2024, reaching a projected 710.9 million ounces.

-The electronics sector, which heavily relies on silver for its conductivity and durability, has seen an impressive rise. This sector is expected to grow by 78% since 2015.

-Demand for silver in solar panels is projected to surge by a staggering 289%, rising from 59.6 million ounces in 2015 to an estimated 232 million ounces by 2024.