by Peter Schiff, Schiff Gold:

All major categories of silver demand charted highs in 2022, contributing to a new total global silver demand record of 1.242 billion ounces.

This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.

Industrial demand was up 5% last year to 556.5 million ounces, driven by rapidly increasing use in the green technology sector. Industrial offtake makes up nearly half of all silver demand.