The import of silver in unwrought forms to the US is forecast to gradually decline from $3.175 billion in 2024 to $3.1578 billion in 2028, indicating a slight downward trend. The market was valued at approximately $3.2 billion in 2023. The year-on-year declines for the years ahead suggest a steady decrease, though the changes are minimal, indicating market stability. The compound annual growth rate (CAGR) over the five-year forecast period reflects a slight average decline annually.
Looking ahead, the market is anticipated to remain relatively stable with minor fluctuations. Key trends to monitor include changes in global silver supply chains, potential shifts in US industrial demand, and the impact of macroeconomic factors like trade policies and currency fluctuations on import levels.
