• 18 hours Can Toyota's Hydrogen Car Take On Tesla?
  • 2 days Why Universal Basic Income Won't Work
  • 2 days Is This The Real Golden State?
  • 3 days Blockchain Firm Pushes For Ethical Mining
  • 4 days America’s Working Class Are Footing All The Bills
  • 4 days Market Volatility Sends Investors Scrambling Into This Asset Class
  • 4 days How Much Energy Would It Take To Power The Death Star?
  • 5 days A Tweet About Hong Kong Could Cost The NBA $4 Billion
  • 5 days World's Largest Miner Doubles Down On Renewables
  • 5 days Nasdaq Cracks Down On Small Chinese IPOs
  • 6 days Is There Any Reason To Be Bullish About Netflix?
  • 6 days Precious Metals See Record Inflows As Investors Hedge Against Teetering Economy
  • 6 days NYU Professor: Tesla Could Lose 80% Of Its Value
  • 7 days Uber To Offer On Demand Employment
  • 7 days SoftBank Reeling After Questionable WeWork Investment
  • 7 days Opportunity Arises In The Democratic Republic Of Congo
  • 9 days Peter Thiel’s Promised Land For Intellectual Troublemakers
  • 9 days Why Gold Stocks Are Drifting Lower
  • 10 days Copper Miners Feel The Squeeze As Prices Slip Once Again
  • 10 days Uncovering The Universe’s Biggest Secrets
Why Gold Stocks Are Drifting Lower

Why Gold Stocks Are Drifting Lower

Gold miners’ stocks have been…

Metal Investors Eye A Payday After Bank Spoofing Scandal

Metal Investors Eye A Payday After Bank Spoofing Scandal

Metals investors have been following…

Mining.com

Mining.com

Mining.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

Contact Author

  1. Home
  2. Commodities
  3. Precious Metals

Silver Demand Set To Grow Significantly In 2019

Silver

Last year was disappointing, but the Silver Institute is predicting a “more supportive” climate for silver this year. Sales of the US Mint’s American Eagle coins rose 12 percent in January 2019, compared to the same month a year earlier. Silver should also benefit as the U.S. Federal Reserve is expected to ease off interest rate hikes.

The demand for physical silver investment should grow by 5 percent.

On the demand side, the Silver Institute expects the industrial fabrication sector should see a modest rise. Demand for silver from the photovoltaic (PV) demand is seen as strong, especially where governments support the move to renewable energy sources. Solid growth is predicted for jewelry uses. Exchange traded products (ETP) will expand by 8 million oz. this year. The demand for physical silver investment should grow by 5 percent.

The Institute predicts primary silver mine production to decline by 2 percent this year. Any small rises in production will come from gold and zinc-lead mining. The supply of scrap silver should pick up modestly. The market is generally seen as absorbing the existing supply, particularly in various downstream sectors.

The Silver Institute was bold enough to say it expects the silver price to strengthen this year and average $16.75 per ounce. That represents a 7 percent increase over 2018. Investors leery of the equity markets are expected to look for alternatives such as precious metals, and silver will benefit from their interest.

By Mining.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment