• 557 days Will The ECB Continue To Hike Rates?
  • 558 days Forbes: Aramco Remains Largest Company In The Middle East
  • 559 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 959 days Could Crypto Overtake Traditional Investment?
  • 964 days Americans Still Quitting Jobs At Record Pace
  • 966 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 969 days Is The Dollar Too Strong?
  • 969 days Big Tech Disappoints Investors on Earnings Calls
  • 970 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 972 days China Is Quietly Trying To Distance Itself From Russia
  • 972 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 976 days Crypto Investors Won Big In 2021
  • 976 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 977 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 979 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 980 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 983 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 984 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 984 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 986 days Are NFTs About To Take Over Gaming?
U.S Targets Russian Gold Stockpiles

U.S Targets Russian Gold Stockpiles

In its latest round of…

Could This Be The Most Exciting Lithium Play Of 2021?

Could This Be The Most Exciting Lithium Play Of 2021?

This Nobel Prize-winning breakthrough is…

Oil Demand Falters On New Wave Of Lockdowns

Oil Demand Falters On New Wave Of Lockdowns

Road traffic and transportation fuel…

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