Silver Institute Press Releases

  • Silver Institute Membership Continues to Grow

    (March 12, 2024) – The Silver Institute is pleased to welcome five companies to its growing roster of members. These companies represent key areas of the broader silver industry and are based in Australia, Switzerland, Singapore, and the United States, further expanding the Silver Institute’s global footprint.

    The new members include:

  • Silver’s Dual Nature as a Financial Asset and an Industrial Commodity Requires a Multi-Factor Analysis to Understand and Predict Movements in the Price

    (Washington, D.C. – February 27, 2024) As both a financial asset and an industrial commodity, silver’s price is determined by multiple factors, the importance of which can vary significantly over time. To explore and better understand this complex set of factors, the Silver Institute has commissioned a new Market Trend Report, “Factors that Determine …

  • Global Silver Demand Forecasted to Rise to 1.2 Billion Ounces in 2024

    If Achieved, It Would Be Second Highest Level on Record 

    (Washington, D.C. – January 30, 2024) Global silver demand is forecast to reach 1.2 billion ounces in 2024, which, if achieved would be the second-highest level recorded. Stronger industrial offtake is a principal catalyst for the rising global demand for …

  • Global Silver Industrial Demand Forecast to Achieve New High in 2023

    Silver Market Expected to Register Another Sizeable Structural Deficit

    (New York – November 15, 2023) – Silver Industrial demand is expected to grow 8% to a record 632 million ounces (Moz) this year. Key drivers behind this performance include investment in photovoltaics, power grid and 5G networks, growth in consumer electronics, …

  • Important Silver Demand Drivers to Effectively Double Rate of Growth Over Next Decade

    (Washington, D.C. – November 8, 2023) Three key sectors of global silver demand – industrial, jewelry and silverware – are significant drivers for annual silver consumption and accounted for nearly three-quarters of the world’s demand for silver in 2022. This stands in contrast to investment demand for silver, which was a sturdy 27 percent …

  • Total Global Silver Demand Posts Record High of 1.24 Billion Ounces in 2022

    Silver Market in New Era of Structural Deficits
    (New York City, N.Y. – April 19, 2023) All major silver demand categories achieved record highs in 2022, pushing total silver demand to a new high of 1.242 billion ounces (Boz) last year. Silver industrial demand rose by 5 percent, physical investment increased by 22 percent, and …

  • Silver Continues to Deliver Results for U.S. Jewelers According to New Survey

    Silver Jewelry Maintains the Highest Margins Compared to  Other Precious Metals
    (Washington, DC, March 23, 2023) Silver jewelry is popular among consumers and jewelry retailers because of its beauty, luster, design options, and affordability. With silver jewelry consumption on the rise, and to get a better sense of the U.S. silver jewelry retail market, the …

  • Silver Market May Face Economic Headwinds in 2023

    Silver Industrial Demand Projected to Achieve a New Record High This Year
    (Washington, D.C. – February 8, 2023) Silver is off to a good start in 2023. The year-to-date silver price average for 2023 (through to February 7) is more than 8 percent higher than the full year price average for 2022. Silver is also …

  • Indian Investors Are Taking Advantage of Increasing Silver Investment Options

    Investors in India Have Purchased Nearly 730 Million Ounces of Physical Silver Since 2010
    (Washington, DC – January 23, 2023) India’s enduring affection for silver underscores the country’s importance to the global silver marketplace. As the world’s sixth-largest economy and foremost silver fabricator, India also plays an essential role in silver and gold investment demand, …

  • Global Silver Demand Rising to a New High in 2022

    Silver Jewelry and Physical Investment both forecast to surge by 50 Moz to record highs this year
    (November 17, 2022) – Silver demand is forecast to reach a record total in 2022, driven by new highs for industrial demand, jewelry and silverware offtake and physical investment. These were some of the key findings reported by …