• 2 hours Gold Miners Eye Further Upside
  • 8 hours Alibaba Exec Sets Record With $3.5 Billion Brooklyn Nets Purchase
  • 1 day Smart Contracts: The Tech Reshaping Entire Industries
  • 1 day Protests Threaten $5 Billion Peruvian Copper Mine
  • 2 days Why Wealthy Kids Are Getting Into College For Free
  • 2 days Is Is Too Late To Get Into The New Gold Boom?
  • 2 days Solar Tech Breakthroughs Spark Surge In Adoption
  • 3 days These Rare Stones Are About To Become Priceless
  • 3 days Why Silver Miners Aren’t Living Up To Expectations
  • 3 days WeWork Reveals Huge Losses Ahead Of IPO
  • 4 days American Education Continues To Fall Behind China
  • 4 days EV Sector Needs 250% More Of This Metal By 2030 Just For Charging Stations
  • 4 days Why Gold Prices Are About To Skyrocket Even Higher
  • 5 days Scientists Create The World’s First 2D Gold
  • 5 days The Key To Commercial Fusion
  • 5 days Inflation Is Creeping Up In Consumer Goods
  • 6 days U.S. Healthcare Industry Could Be Decimated By The Trade War
  • 6 days Washington's $400 Billion Emissions Plan
  • 7 days The Trade War Shows No Sign Of Easing
  • 7 days Bearish News Could Lead To A Bloodbath In The Third Quarter
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