The Silver Institute (research by Metals Focus)
world silver demand by segment, 2025 actual + 2026 forecast (Moz)
Source
Feed (what to expect)
Free annual PDF each April; re-vendor each edition for the rolling 1-yr view.
Fabrication + coin & net-bar physical investment basis; ETP flows reported separately and excluded. Supersedes the Feb 2026 interim press release.
Reconciliation
Schema
Feeds (axes)
Record kinds
Identifier schemes
