24 November 2022 | Other

The Silver Institute released a new vision for the global silver market

The demand for silver in 2022 is expected to reach 1.21 billion ounces (16% compared to the previous year). Due to growth in industrial demand, sales of silver jewelry and products and investment in the physical metal, the level reached a record value.

Investors don't trust the government and are buying on falling prices. In India, demand for silver has almost doubled, it recovered from last year's drop. All this provides great support for the metal.

Despite all aspects, stock players still have a negative opinion on silver. ETFs hold stocks are near to their maximum values, although they are decreased by 110 million ounces. The interest of exchange players to the precious metal is falling due to expectations of recession in the world economy, growth of real yields and strengthening of the U.S. dollar.

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