Press Releases
- Silver Institute Elects New Officers
(Washington, D.C. – June 29, 2017) Octavio Alvidrez, CEO of Fresnillo plc (FRES: LSE), the world’s largest primary silver producer, has been elected President of the Silver Institute by its membership. He succeeds Mitchell Krebs, President and CEO of Coeur Mining, Inc. (CDE: NYSE). Michael Steinmann, President and CEO of Pan American Silver (PAAS: NASDAQ …
- Silver Industrial Conference to Examine Established and Emerging Industrial Uses for Silver
(Washington, D.C. – June 20, 2017) The Silver Institute is pleased to announce that registration is open for the 3rd Silver Industrial Conference, which will be held in Washington, D.C. on October 26-27.
The theme of this year’s Conference is: “Silver’s Evolving Role in Science and Technology.”
Silver’s use as a chemical catalyst and as … - Global Silver Mine Production Drops in 2016 for First Time in 14 Years
(New York City – May 11, 2017) Global silver mine production in 2016 recorded its first decline since 2002, largely the result of lower by-product output from the lead/zinc and gold sectors. Coupled with less silver scrap supply to the market, which posted its lowest level since 1996, as well as a contraction in producer …
- Sturdy U.S. Silver Jewelry Sales Continued in 2016
(Washington, D.C. – March 22, 2017) – Silver jewelry sales in the United States were strong in 2016, with 62% of jewelry retailers reporting increased sales, according to a survey conducted on behalf of the Silver Institute’s Silver Promotion Service (SPS). The results showed that 2016 was the eighth consecutive year of silver jewelry sales …
- Strong Institutional Investment Pushes Silver Prices Higher
(Washington, D.C. – March 16, 2017) The silver price has started 2017 on a positive tone, rising by roughly 9 percent since the beginning of the year.
The strength of silver prices is largely due to improving sentiment among institutional investors. Changing expectations towards the outlook for U.S. interest rates and the proliferation of negative … - Six Hundred Million Ounces of Silver to be Consumed in Photovoltaics and Ethylene Oxide Production Through 2020
(Washington, D.C. – December 15, 2016) Two of the everyday industrial uses for silver are in photovoltaic cells (the main constituents of solar panels) and as a catalyst for the production of ethylene oxide (an important precursor in the production of plastics and chemicals). These two uses of silver will together account for 120 Moz …
- Thomson Reuters 2016 Interim Silver Market Review Press Release
2016 Interim Silver Market Review Press Release (PDF)
- Silver Soars in 2016
(Washington, D.C. – July 13, 2016) Silver’s price performance soared in the first half of 2016, fueled by increased investor interest in silver as a safe haven asset and as leveraged exposure to gold’s price rally. In the period January 4 – July 11, silver’s price increased 44.7 percent, based on the LBMA Silver Price, …
- Silver Promotion Service Expands Savor Silver Program
(New York, N.Y. – May 3, 2016) The Silver Institute’s Silver Promotion Service (SPS) today announced the introduction of a new merchandise category in the Savor Silver Program, ‘Silver Style Partners’. The inaugural participants are Belle Etoile, Geoffrey Scott, Joryel Vera, LJD, Martha Seely, Stephen Dweck, & Sterling Silver from Taxco.
‘Silver Style Partners’ selected … - Exceptional Growth in Key Sectors Leads to Record High Silver Demand in 2015
(New York City – May 5, 2016) The silver market saw record demand in 2015, with the jewelry, coin and bar, and photovoltaic sectors posting new highs, helping to boost total silver demand to 1.17 billion ounces last year. Overall silver supply to the market was lower, led by the continued weakness in silver …