Key Market Indicators
Canada's silver imports are forecast to drop by 2.9% in the next five years. In 2021, the country was the sixth-largest importer, behind Germany, the United States, the United Kingdom, and Japan. Canadian silver demand has declined 14.2% since 1994. Meanwhile, Canadian silver exports decreased by 7.4% between 2018 and 2019, with 1,473,000 kilograms shipped out of the country. Since 2005, the country's silver supply has been reduced by 4.3%.