How a small idea became the community that connects the precious metals world. That idea became the International Precious Metals Institute.

South African miners, who account for 70% of global platinum output, are wary about adding new production due to uncertainty over long-term demand, leading to declining output as mineral reserves deplete.
“For platinum, we were looking at about 6.2 Moz/year in 2019, and we see that moving down to 4.7 Moz by 2034,” Kleantha Pillay, Sibanye’s executive vice president for sales and marketing, told ...

Silver spot: roughly $70/oz, down about 44% from its 2026 record high — GoldSilver, June 15, 2026
2026 market deficit: 46.3 Moz, the sixth consecutive annual shortfall — World Silver Survey 2026
Cumulative drawdown: about 762 Moz pulled from above-ground stockpiles since 2020 — Metals Focus
Bull case: $90–$106 year-end, with Citi standing by a $150 call for 2026 — Finance Magnates