Post by
Bman1234 on Feb 09, 2022 10:26pm
SO MUCH VALUE HERE
Moreover, despite the prolonged worldwide chip shortage, the outlook for silver demand in automotive and 5G related applications also remains robust this year. Similarly, jewelry demand is forecast to strengthen by 11 percent this year. India remains the driving force, assisted by improving consumer sentiment. Importantly, physical silver investment demand (consisting of silver bar and bullion coin purchases) is projected to jump 13 percent in 2022, achieving a 7-year high. On the supply side, the Silver Institute projects that the total global silver supply to rise by 7 percent to 1.092 Boz in 2022. The main contributor is silver mine production, which is forecast to grow 7 percent to a six-year high this year. This will be driven by higher output from primary silver mines, particularly from several large existing operations and supported by large new projects coming online. The increase in silver recycling should be more modest in 2022, the Silver Institute added, with volumes likely to advance by 3 percent, with the rise entirely due to higher industrial recycling.