SILVER OUTLOOK TO Q2 2025 DEFICITS PERSIST

Photovoltaic silver demand

Photovoltaic silver demand

According to the Silver Institute, photovoltaics alone are projected to account for 19% of global silver demand in 2024, equivalent to 232 million ounces. This represents almost a 20% increase from 2023 and a substantial 96% surge from 2022 levels. [pdf]
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Bnef energy storage outlook

Bnef energy storage outlook

New York, October 12, 2022 – Energy storage installations around the world are projected to reach a cumulative 411 gigawatts (or 1,194 gigawatt-hours) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). [pdf]

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