Global Silver jewelry scrap trend 2021!
Is a bull market for silver prices, a driving force! Metal Focus said, if you were a mining company, it is silver jewelry’s net call on the bullion market that is potentially of great interest. By net call, we mean jewelry fabrication less the recycling of old jewelry (this excludes process/production scrap). Time to time Silver Institute makes such call. Silver jewelry’s net demand has risen more strongly than has the headline number. To be precise, from a low in 2011, net demand by 2019 had grown by an impressive 51%, whereas jewelry fabrication on a gross basis had increased by a less heady 23%. This year however, net fabrication is expected to fall by 25% and so by a little more than the gross decline of 23%. Looking at the chart in more detail, the comparatively flat nature of silver jewelry recycling may be surprising. A key reason for this is that much of silver jewelry’s sales are in Western countries, where high mark-ups and low prices per piece mean c...