Silver Institute Press Releases

  • Global Silver Demand Forecast To Reach A Record 1.112 Billion Ounces In 2022

    Gains Will Be Broad-based, With Growth Expected From Most Key Demand Components
    (Washington D.C. – February 9, 2022) The outlook for silver demand is exceptionally promising for 2022, with global silver demand forecast to rise to a record high of 1.112 billion ounces (Boz) in 2022. The increase will be driven by record silver industrial …

  • Release of Silver Institute’s 2021 Interim Silver Market Review

    Industrial Demand for Silver Rebounding to a New High in 2021

  • Global Connectivity to Boost Silver Demand in Electrical and Electronics Applications

    (Washington, D.C. – September 23, 2021) With the highest electrical conductivity of all metals, silver is a component in almost all electronic devices we use daily. But silver isn’t just vital today; the next generation of technological advancements, especially those related to global connectivity expansion, will rely on the white metal’s inherent properties throughout the …

  • Silver Institute Membership Elects New Officers

    (Washington, D.C. – August 4, 2021) Mr. Bradford Cooke, Executive Chairman of Endeavour Silver Corp. (EXK: NYSE and EDR: TSX), based in Vancouver, Canada, has been elected President of the Silver Institute by its membership, succeeding Mr. Michael Steinmann, President and CEO of Pan American Silver Corp. (PAAS: NASDAQ and TSX).  Additionally, Mr. Ignacio Bustamante, …

  • Silver Demand for Printed and Flexible Electronics Forecast to Consume 615 Million Ounces of Silver Through 2030

    (Washington, DC – May 19, 2021) Silver demand for printed and flexible electronics is forecast to increase 54 percent, from 48 million ounces (Moz) in 2021 to 74 Moz in 2030, consuming 615 million ounces for these applications during the 10-year timeframe, as this market continues to mature and expand. Printed and flexible electronics are …

  • Global Pandemic Fueled Renewed Investor Interest in Silver in 2020

    Record Silver-Backed Exchange-Traded Product Inflows Drove Global Holdings to Over One Billion Ounces; Coin and Bar Demand Rose to a Four-Year High
    (Washington, D.C. – April 22, 2021) Considerable growth in silver investment was the chief driver of the metal’s 27 percent average price gain in 2020. Leading the way was substantial demand for silver-backed …

  • Global Silver Demand Forecasted to Rise 11 Percent in 2021, Reaching 1.025 Billion Ounces

    Physical Investment Expected to Hit a Six-Year High
    (Washington D.C. – February 10, 2021) Against an improving macroeconomic backdrop, the main segments of silver demand are expected to rise this year. Led by industrial and physical silver investment, global silver demand is expected to achieve a six-year high of 1.025 billion ounces in 2021.

  • Silver Consumption in the Global Automotive Sector to Approach 90 Million Ounces by 2025

    (Washington, D.C – Jan 12, 2021) Automakers today are increasingly relying on silver to enable the vast technological advances incorporated into modern vehicles. This has resulted in another powerful demand center for silver, with projections of nearly 90 million ounces (Moz) of silver absorbed annually in the automotive industry by 2025. Notably, by that time, this …

  • Global Silver Jewelry Market Impacted by Pandemic and Higher Silver Prices

    Jewelry Demand Expected to Reset in 2021 with Forecasted Increases in Key Markets  
    (Washington, D.C. – December 7, 2020) Silver’s use in jewelry is an important demand source for the precious metal. In 2019, 200.2 million ounces (Moz) of silver were consumed in this sector, which was just shy of the record high of …

  • 2020 Release of Silver Institute Interim Silver Market Review

    Global Demand and Mine Supply Impacted, While Physical Silver Investment Expected to Surge to a 5-year High (PDF)