| ◆ WORLD SILVER SURVEY 2020 from the SILVER INSTITUTE
GLOBAL SILVER DEMAND EDGED HIGHER IN 2019, WITH INVESTMENT DEMAND UP 12%, WHILE SILVER MINE SUPPLY FELL FOR THE FOURTH CONSECUTIVE YEAR Global silver demand was pushed higher in 2019, with a 12 percent increase in investment demand as retail and institutional investors focused their attention on the long-term investment appeal of the white metal. Favorable structural changes, such as vehicle electrification and a rebound in the key field of photovoltaics, fueled solid industrial demand. Total global silver demand in 2019 grew by 0.4 percent despite an ongoing global trade war affecting many industries. Silver industrial demand was resilient, slipping by 0.1 percent last year, with several key segments of silver industrial fabrication expanding, primarily silver’s use in photovoltaics, which grew by 7 percent to its second highest annual level. |
20 Year Silver Price in USD/oz - Click to enlarge |
| Of note, for the fourth consecutive year, silver mine supply declined in 2019, falling by 1 percent.
These developments, along with many other highlights, are discussed in World Silver Survey 2020, released today by the Silver Institute. In addition to a review of the key developments in 2019, this year’s Survey also examines the very positive outlook for the silver market in 2020. The Survey was researched and produced for the Silver Institute by Metals Focus, the London-based independent precious metals consultancy. |
Full story here Are you the author?
Tags: Daily Market Update,newsletter
