Global Silver Demand For 2022 Forecast To Reach All Time High

(December 30,2022- The Silver Institute)

Demand for silver was expected to have reached a new high of 1.21 billion ounces in 2022, up 16 percent from the year before driven by increases in industrial use, jewelry and silverware off take and physical investment.

This, and other key findings were reported at the Silver Institute’s Annual Silver Industry Dinner in New York City in November. Philip Newman, Managing Director at Metals Focus, and his colleague, Adam Webb, Director of Mine Supply, presented the Silver Institute’s Interim Silver Market Review at the event. Metals Focus, a leading independent precious metals research consultancy, produces the Institute’s flagship publication, World Silver Survey.

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