New Delhi, June 25 -- Silver prices are expected to go up, due to a combination of factors including rising demand and declining supply, a recent report by ICICI ETF indicated.

The report further adds that the silver market is projected to experience a deficit of 3,339 tonnes by the end of 2025.

According to the report, this anticipated deficit marks the fourth consecutive year that the silver market will face such a situation, which would ultimately drive silver prices upward.

However, there's a positive trend within these deficits, the projected deficit for 2025 shows a significant decline from previous years. The deficit stood at 7,076 tonnes in 2022 and is expected to fall to 3,339 tonnes by the end of 2025.

Rising silver demand w...