Don't take it from me. Keith Neumeyer said silver mine production has been fairly static at 850 million ozs per year.
Silver consumption was about 1.2 billion ozs in 2022. The jury is still out but silver consumption might well come in at 1.4 billion ozs for 2023.
He closed the segment by adding that the US government has finally put silver on its critical metals list....He gives these numbers after the 1:20 mark of the video.
https://www.youtube.com/watch?v=M3IqZz7rhmY