Silver Institute Press Releases

  • 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)

  • Inflows into Silver-Backed Exchange-Traded Products Nearly Triple Year-on-Year over the First Three Quarters of 2020

    Silver Bullion Coin Sales Rise 65 Percent Over Same Period
    (Washington, D.C. – October 15, 2020) Investors sought security in silver-backed Exchange-Traded Products (ETPs) in the first nine months of 2020, nearly tripling the amount amassed compared to the comparable period in 2019. Investors have also had a strong appetitite for investment in silver bullion …

  • The Silver Promotion Service Launches a Virtual Silver Pavilion

    Digital Platform Highlights Latest Designs Available for Purchase from Leading Silver Brands 
    (Washington, D.C. – August 25, 2020) – The Silver Institute’s Silver Promotion Service (SPS), which is focused on stimulating demand for silver jewelry in major international markets, announced today the launch of its all-new VIRTUAL SILVER PAVILION on the SPS website. Members of …

  • Silver Price Rises Above US$28.00 Per Ounce, Up 140 Percent From 2020 Low

    (Washington, D.C. – August 6, 2020) Silver continues its remarkable price performance this year. From an intra-day low of US$11.64 on March 18, the silver price has since rallied over 140 percent, and is at a level not seen since 2013.
    The silver price hike has been fueled by its inherent safe-haven status, fears of …

  • Silver Investment Demand Up by 10 Percent in First Half of 2020

    Investors Flocked to Silver-backed Exchange-Traded Products and Silver Bullion Coins
    (Washington, D.C. – July 9, 2020) Silver’s role as a valued investment was broadly on display during the first half of 2020, as investors actively accumulated silver in the first six months of the year, leading to a 10 percent gain in investment demand. Paving …

  • Silver to be Critical to Solar Power Generation Market Over Next 10 Years

    Silver is the Most Reliable Metal for Solar Energy Output
    (Washington, D.C. – June 1, 2020) One of the most significant industrial applications for silver today is its use in photovoltaic (PV) cells, the building blocks of solar panels, and a leading clean-energy technology. The cost of electricity generation from PV has rapidly declined over …