• Gold: 1,197.22 -10.03
  • Silver: 14.32 0.02
  • Euro: 1.175 -0.003
  • USDX: 94.228 0.316
  • Oil: 71.28 1.03

Silver demand up 3.4% in 2015, highest on record, supply declined 1.2%

Platts
|
Thursday, May 5th

"Global silver demand totaled a record 36,407 mt in 2015, up 3.4% from 35,206 mt in 2014, the Silver Institute said Thursday.

Total supply declined 1.2% to 3,276 mt in 2015, resulting in a third consecutive annual physical deficit of 4,040 mt, up 65% from a 2,445 mt deficit a year earlier.

Although mine production was higher on the year, up 2.1% to 27,579 mt in 2015, it was not enough to offset a 13.2% decline in scrap supply to 4,544 mt." - Read full article

 

Your rating: None Average: 5 (1 vote)

Article Comments

Sponsored Links

Live SilverSeek Map