Silver Investment Demand To Increase By One Billion Ounces Over Next Decade

Investors are likely to increase their net silver purchases in the years ahead, largely due to an ongoing weak global economy, for capital preservation and silver’s pedigree as a leading industrial metal, according to a report released today by the Silver Institute. The report, entitled ‘Silver Investment Demand,’ suggests that investors may accumulate as much as one billion additional ounces of silver in various investment instruments over the next decade. This is on top of the more than 860 million ounces of silver purchased as an investment since 2006.
Other significant points of the ‘Silver Investment Demand’ report include:
Investment demand remains the single most important driver of prices in the silver market; The silver market is the second largest of the precious metals markets, behind only gold in terms of the value of metal flowing through the market on an annual basis; The dollar value of the silver market, which includes trading volumes on the major futures and options exchanges and clearing volumes of the London over the counter market, combined with newly refined silver supply, stood at US$5.1 billion in 2013; At the close of 2013, at least 2.3 billion ounces of silver were held in bars and coins around the world;

This post was published at GoldSilverWorlds on October 22, 2014.