03.06.2016 - Global silver market deficit forecast up 21% in 2016, at 1,005 mt: Metals Focus
The global physical silver market is expected to record a 1,005 mt deficit in 2016, up from a deficit of 793 mt in 2015, Metals Focus said in its most recent global silver survey Thursday. The increased deficit is forecast to come primarily from a tightening in supply, rather than increased demand, it said. Total supply is expected to be 1% lower on the year in 2016, at 32,192 mt, due to a 2% fall in mine production, the survey said. The fall in mine production is significant, according to Metals Focus, as it comes after 10 years of production growth...............................................Full Article: Source
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