Silver market looks “promising” in 2019 The Silver market looks promising in 2019 as the supply and demand picture is expected to remain relatively stable compared to 2018, according to the latest research from the Silver Institutethe institutes annual World Silver Survey, published this morning, said that global Silver demand hit a 3-year high in 2018, surpassing more than 1 billion ounces, an increase of 4% from 2017at the same time, global Silver mine production fell for the 3rd straight year, dropping 2% in 2018 to 855.7 million ounceshowever, despite strong demand and falling mine supply, Silver prices struggled, averaging the year at $15.71 an ounce, a drop of nearly 8% from 2017overhanging stockpiles are a problemthe report noted that in 2018, above ground Silver supply totaled more than 2.5 billion ounces, meaning Silver inventory represents a 2-and-a-half year supply at the current pace of demand2018 marked the first decline in above-ground Silver stocks after 9 consecutive years of growth