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CURRENT DATA
Q3 2026 Gold Market Snapshot
- Total Supply
- 1,368.6 t
- Mine Production
- 1,070.9 t
- Recycled Gold
- 314.5 t
- Central Bank Demand
- 321.2 t
Source: World Gold Council · Gold Demand Trends Q3 2026 · Source updated: . Figures may be revised.
View official reportOfficial reports & sources3 references
MARKET
Global gold supply and demand, including mine production, recycling, investment, jewellery, technology and central-bank demand.
One click opens the Q3 2026 report at “Table 1: Quarterly gold supply and demand by sector, tonnes”. It shows total supply, mine production, recycling, central-bank demand and other demand categories.
SUPPLY
Government publications covering gold mine production, reserves, recycling, trade and material-flow context.
The PDF opens directly at the official Gold commodity summary. Use the “World Mine Production and Reserves” table for global mining and reserve estimates.
METHOD
Official notes defining gold supply, demand sectors, producer hedging, recycling and the treatment of OTC activity.
The official page contains “Supply and demand data methodology note” and “Supply and Demand notes and definitions” under Related Downloads.
Read the definitions before comparing totals
Reported vs estimatedLatest-year values may be estimates and can be revised in a later release.
Different coverageIndustry studies and government statistics can use different scope, timing and category definitions.
Market balanceA reported deficit or surplus is a flow measure; it is not the same as immediately available above-ground inventory.
CURRENT OUTLOOK
2026 Silver Market Estimate
- Total Supply
- 1,066.4
- Total Demand
- 1,112.6
- Mine Production
- 844.1
- Market Balance
- −46.3
Source: Metals Focus for The Silver Institute · Source updated: . Forecast figures may be revised.
View official reportOfficial reports & sources3 references
MARKET
The annual World Silver Survey covers global mine supply, recycling, fabrication demand, investment and the market balance.
One click opens the 2026 World Silver Survey PDF. In the contents, select “Supply and Demand” to reach total supply, total demand and the global market balance/deficit.
SUPPLY
Government publications covering silver mine production, reserves, recycling, trade and U.S. apparent consumption.
The PDF opens directly at the official Silver commodity summary. Use the “World Mine Production and Reserves” table for global mining and reserve estimates.
DEMAND
Official overview of mine production, recycling and silver demand categories, based on the Institute’s published survey.
The official page opens directly to the supply-and-demand overview. Use the named Mine Production, Recycling and Demand sections; the source year is stated on the page.
Read the definitions before comparing totals
Reported vs estimatedLatest-year values may be estimates and can be revised in a later release.
Different coverageIndustry studies and government statistics can use different scope, timing and category definitions.
Market balanceA reported deficit or surplus is a flow measure; it is not the same as immediately available above-ground inventory.
Data and attribution
The Gold and Silver snapshot boxes present a limited selection of manually entered headline figures, attributed and linked to the original publications. The plugin does not scrape sources, automatically download data or maintain a historical copy of third-party supply-and-demand datasets. Figures may be estimates, rounded or revised, and should be checked against the linked official reports. Other sections link visitors directly to third-party and government publications. Silver Dominion is independent and is not affiliated with, sponsored by or endorsed by the World Gold Council, The Silver Institute, Metals Focus or the U.S. Geological Survey. This is informational content, not investment advice.
Gold & Silver Supply and Demand
Gold and silver supply-and-demand data helps explain how much metal enters the market, where it comes from, and how it is used.
This tracker combines gold market statistics, silver market estimates, and direct links to reports from the World Gold Council, The Silver Institute, and the U.S. Geological Survey.
Latest Gold Supply and Demand Data
World Gold Council data for Q2 2026 reports:
- 1,268.9 tonnes of total gold supply
- 965.6 tonnes of mine production
- 326.1 tonnes of recycled gold
- 288.9 tonnes of central-bank and other institutional demand
These figures highlight the importance of mining, recycling, and institutional demand in the global gold market.
Gold market statistics are updated regularly and may be revised. Detailed figures are available in the World Gold Council’s Gold Demand Trends Q2 2026.
Silver Supply and Demand Outlook for 2026
The latest estimates prepared by Metals Focus for The Silver Institute indicate:
- 1,066.4 Moz of total silver supply
- 1,112.6 Moz of total demand
- 844.1 Moz of mine production
- −46.3 Moz market balance
The projected deficit represents approximately 4.3% of estimated total supply.
These figures are forecasts rather than final results and may change. Further details are available in the World Silver Survey 2026.
Where Gold and Silver Supply Comes From
Precious metals supply comes primarily from mining and recycling, with additional contributions from other market sources.
Mine production generally changes slowly because new mining projects require substantial investment and development time. Recycling can respond more quickly to changing market prices.
Explore the geographical distribution of mining activity through our Gold & Silver Production and Reserves Map.
What Drives Gold and Silver Demand?
Gold demand is influenced by jewelry, investment, central-bank purchases, and technology. Interest rates, currencies, and investor sentiment can significantly affect the gold price.
Silver has a stronger industrial component, with applications in electronics, solar energy, electric vehicles, and electrical infrastructure.
Explore these applications in our Industrial Uses of Silver Explorer.
Industrial activity, investment flows, and physical availability all influence the silver price.
What Does a Silver Market Deficit Mean?
A silver market deficit occurs when reported annual demand exceeds supply under the source’s methodology.
However, a deficit does not mean that available silver has been exhausted. Existing above-ground stocks can help cover the difference.
The Gold & Silver Inventory Tracker provides additional context on reported physical inventories.
Gold is generally assessed differently because its market balance includes broader investment and OTC flows rather than the same headline deficit measure commonly used for silver.
How to Interpret Supply and Demand Data
Supply-and-demand statistics provide valuable market context, but reporting periods, definitions, and methodologies can differ between sources.
Silver Dominion displays selected headline figures with attribution and links to original reports rather than reproducing complete datasets. The figures are manually reviewed and updated.
Physical market conditions also depend on inventories, investment flows, and regional demand. Our Gold & Silver Prices in China and India tool provides another perspective on regional price differences.
For a more complete market picture, supply-and-demand data should be considered alongside physical inventories, monetary conditions, and investment activity.
Frequently Asked Questions
What does the Gold & Silver Supply and Demand tool show?
It provides a quick view of current gold market data and the latest silver market estimate, including supply, mine production, recycling, central-bank demand and the silver market balance. It also links directly to official publications for full figures, definitions and methodology.
Are the 2026 silver figures final?
No. They are forecasts published in the 2026 World Silver Survey and may be revised as new information becomes available. The date shown in the tool identifies the source release currently used by Silver Dominion.
What does a silver market deficit mean?
A deficit means estimated demand exceeded estimated supply during the year under the source’s methodology. It measures an annual flow imbalance, not the total amount of silver still available above ground.
Why can the displayed balance differ slightly from supply minus demand?
The headline totals are rounded, while the published market balance may be calculated from more precise underlying figures. A small difference does not necessarily indicate an error.
Does a silver deficit mean there is no silver available?
No. Existing inventories, exchange stocks, investment holdings and other above-ground metal can cover the difference. However, repeated deficits can gradually reduce the metal available to balance the market.
How often are the official figures updated?
The World Silver Survey is published annually, while the World Gold Council releases quarterly and annual supply-and-demand updates. USGS publications follow their own annual schedule. Forecasts may also be revised between major reports.
Are figures from different sources directly comparable?
Not always. Publishers may use different definitions, reporting periods, coverage, units and estimation methods. For an accurate comparison, check the methodology and publication date shown by each source.