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Physical Investment Expected to Hit a Six-Year High   Against an improving macroeconomic backdrop, the main segments of silver demand are expected to rise this year. Led by industrial and physical silver investment, global silver demand is expected to achieve an eight-year high of 1.025 billion ounces in 2021.   Physical investment, which covers silver bullion coin and bar purchases, is expected to achieve a six-year high in 2021 of 257 million ounces (Moz), as investors continue to add silver to their investment holdings.  However, should the global economic recovery from the pandemic prove to be much slower than expected, this could weigh on base metal prices. This in turn could encourage investors to reduce their exposure to silver. On balance though, the Silver Institute remains especially optimistic about silver’s prospects for this year, reflected in the following insights for 2021.   Silver Price and Investment: The recovery in the silver price, which firs...

  SPS on stimulating demand for silver jewelry   The Silver Institute’s Silver Promotion Service (SPS), which is focused on stimulating demand for silver jewelry in major international markets, announced today the launch of its all-new Virtual Silver Pavilion leading silver designers and gain access to information and trends, all from the safety and comfort of their own homes, inspired by reon the SPS website. Members of the jewelry trade can browse the latest designs from cent consumer research identifying pent-up demand for jewelry, as well as robust purchase intention for silver jewelry specifically; this digital platform will showcase “must-have” new silver styles available for purchase.   The pandemic related cancellations of 2020 trade shows, coupled with recent “Silver Linings” research confirming consumer purchase intention for silver jewelry, inspired the SPS to create a digital platform for Savor Silver brands to showcase their newest designs to retailers and...

Global physical demand is a third consecutive decline Silver market to remain physical Surplus larger than the last year!    At the Annual Silver Industry Dinner hosted by the Silver Institute, Johann Wiebe, Lead Analyst in the GFMS team at Refinitiv presented the GFMS / Silver Institute Interim Silver Market Review, which includes provisional supply and demand forecasts for 2018. According to its’ highlights, the silver market is expected to experience a physical surplus of 35.3 Moz which is substantially higher than the previous year. Net holdings of ETPs have contracted 0.5 Moz to-dates, following seven annual increases in the last decade. On the other hand, exchange inventories have increased for the third consecutive year in 2018, particularly on COMEX which represents approximately 76% of total, rising by 52.5 Moz. As such, the net balance is expected to post a shortfall of 16.7 Moz. The silver price has averaged $15.89/oz so far this y...