World Silver Price

RESEARCH & INTELLIGENCE

Evidence before opinion.

A concise research desk for understanding silver supply, demand and price methodology.

657.4Moz

2025 industrial silver demand

Reported estimate, not a live measure

15 APRIL 2026 / SILVER INSTITUTE

Read the whole demand picture.

The Silver Institute’s April survey release reports industrial demand of 657.4 million ounces in 2025. Its discussion of electronics, automotive uses and photovoltaic thrifting helps explain why industrial growth is uneven.

Read the original release →

MARKET STRUCTURE

Benchmark versus spot

LBMA describes a silver auction commencing at 12:00 noon London time. A continuously changing dealer quote is a different reference. Timing and methodology matter when comparing figures.

LBMA price methodology →

PRICE DISCOVERY

A global market, local costs

BullionStar’s guide discusses London and COMEX as central silver price venues. A local bar or coin purchase also reflects product and delivery costs that the international reference does not capture.

Read the pricing guide →

How we use evidence

Sources were reviewed on 11 November 2026. Figures describe the period stated beside them; they do not update automatically. The World Silver Survey is industry-sponsored research produced by Metals Focus. Estimates may be revised and forecasts are not outcomes.

Earlier outlooks can be superseded. This site uses the April 2026 survey release rather than presenting a February projection as a later result. A market deficit is not, by itself, a prediction of price performance.

Research watchlist

  • Industrial fabrication: electronics, transport and changes in photovoltaic silver intensity.
  • Supply: mine production, recycling and the availability of above-ground metal.
  • Investment: bar and coin demand, fund holdings and market liquidity.
  • Pricing: currency changes, wholesale spreads and retail premiums.

These are research topics, not automated alerts or trading recommendations.