In One Timeline

Is the World Running Out of Silver?

Silver supply vs demand, to scale: five straight deficit years (record −238 Moz in 2022) driven by solar and EVs, why byproduct mining means supply can't chase demand — and why a deficit is still not a shortage.

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No third-party image credits. This episode's visuals are original charts/animations and AI-generated b-roll — nothing that requires attribution.

Data sources & references

01The Silver Institute / Metals Focus — World Silver Survey 2025 (data year 2024) + interim 2025/2026 forecasts
02U.S. Geological Survey — Mineral Commodity Summaries 2025/2026 (mine-production cross-check)
03Above-ground stocks & recycling — Silver Institute (identifiable silver ~3.4–3.6 billion oz)
04Counter-framing on the "deficit" — CPM Group (accounting-artifact argument, disclosed in-episode)
05Music — "Between the Lines" by Ondrosik, CC0 1.0