Silver Demand Hits Record 680.5M Ounces in 2024 Silver's importance is surging as industrial demand hit a record 680.5 million ounces in 2024—its fourth straight annual high—driven by structural growth tied to the green economy, including solar energy, EVs, and grid upgrades, as well as rising use in AI-powered electronics.
For the fourth consecutive year, demand outpaced supply, resulting in a 2024 market deficit of 148.9 Moz and a staggering 678 Moz cumulative shortfall since 2021—equal to 10 months of global mine output.
These trends highlight silver’s critical role in the global energy and tech transition, according to the Silver Institute’s newly released World Silver Survey 2025.
(Source: https://www.globenewswire.com/news-release/2025/04/16/3062637/0/en/Silver-Industrial-Demand-Reached-a-Record-680-5-Moz-in-2024.html)
Uniquely positioned for the next bull cycle Defiance Silver (DEF.v DNCVF)has a growing portfolio of high-potential assets in Mexico.
Alongside advancing its flagship Zacatecas silver project and large-scale Tepal gold-copper deposit, DEF is expanding into the prolific Sonoran Desert porphyry belt through its proposed acquisition of Green Earth Metals.
This deal would add three drill-ready copper-gold-silver-molybdenum projects near major producers like Alamos Gold and Agnico Eagle, giving Defiance exposure to over 6,700 ha in one of North America’s most mineral-rich regions.
With permits in hand and exploration ready to launch, DEF is quietly building a foundation for multi-metal growth and long-term value creation.
Check out the full story here: https://www.reddit.com/r/smallstreetbets/comments/1jura76/defiance_silver_defv_to_acquire_green_earth/
Posted on Behalf of Defiance Silver Corp.