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This blog discusses The Perth Mint's bullion coins and bars, providing information about our latest designs, mintages, sales volumes and sell outs. On a broader front, we share relevant research and opinions for anyone interested in gold and silver bullion investing.

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World Silver Survey 2017

Topics [ Silver Price silver market ]

The Silver Institute, an international association drawing its membership from organisations in the silver industry, has released its 27th annual World Silver Survey. Produced by the GFMS Team at Thomson Reuters, the latest survey offers global supply and demand statistics for 2016.

Some key findings of the latest World Silver Survey:

 • The annual average silver price rose 9.3% in 2016 to USD 17.14 per oz, its first rise since 2011.

 • On the supply side, total supplies fell 32.6 million ounces (Moz) to 1,007.1 Moz.

 • Global mine production recorded its first decline since 2002, down 5 Moz to 885.8 Moz.

 • Others key supply factors included less silver scrap, and a contraction in producer hedging.

 • Total physical demand fell by 11 percent in 2016 to 1,027.8 Moz, pulled lower by weaker offtake for jewellery, silverware and retail investment.

 • Physical and exchange-traded product investments fell to 253.8 Moz in 2016, down 7 percent from 2015. Demand for coins and bars declined 83.9 Moz to 206.8 Moz compared to 2015.

 • Industrial applications, the largest component of physical silver demand, were lower by just 1 percent, reaching 561.9 Moz.

 • Demand from the photovoltaic industry jumped 34% in 2016 to a record high of 76.6 Moz, largely on increased requirements for solar panels in China and the United States.




Click here to read the full World Silver Survey 2017 9 (12.57 MB pdf)

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Understanding What's Happening In The Gold Market

Topics [ Silver Price gold prices invest in bullion ]

OPINION


 

Don't miss this discussion about price action in precious metals since April and what the future might hold for the price of gold and silver. Ben Giddins from Gold Stackers Australia sets the scene for insightful comment from Bron Suchecki, Manager, Analysis & Strategy at The Perth Mint, and Greg Canavan, Editor of The Daily Reckoning and Sound Money, Sound Investments.



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Infographic: Supply And Demand For Silver

Topics [ silver investing Silver Price silver market ]

RESEARCH & ANALYSIS

Visual Capitalist has published Part 2 from its Silver Series of infographics. (Click here for Part 1). The latest instalment examines supply and demand, suggesting that even though there are more than 10,000 modern industrial uses for the metal, investment represents one of the fastest growing segments of silver demand.

Take a look:




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Go Slow on Silver?

Topics [ Hold Gold Silver Price ]

WHAT OTHERS ARE THINKING

With silver having moved up around $6 (or 20%) in the past few weeks, the Screwtape Files blog cautions investors that silver may be primed for a correction.

With silver and gold having broken out of a long downward trend, Screwtape Files are concerned that “we're all suddenly being advised to jump back in, with a range of erstwhile blog hosts queuing up to tell us that the 'doldrums' are over, and that the bullion banks have 'lost control'.”

The basis of their caution is a similar technical chart pattern to the April 2011 where the RSI indicator was above 70 prior to silver’s correction from $49 down to $35. They see the same set up this time, with a high RSI combined with the price well above its 50 day moving average.

While they note that “the RSI by itself does not guarantee a crash any more than it precludes continued massive gains”, they see it as indicating that silver “is a tinderbox waiting for a match”.

Following on with our cautious theme today, Marc Faber of The Gloom, Boom & Doom Report said to CNBC on Thursday that he favoured holding physical gold (with a but):

“I would hold physical gold with a country that has a culture with gold such as Australia.  In a collapse, the gold price could fall 50 percent, but if everything else falls by 90 percent, then you are relatively well off. So I would hold some physical gold regardless of the economic outcome.”

While “losing less” is not exactly the most positive pitch for investing in precious metals, we do thank Marc for his recommendation of Australia as a safe location to hold your gold.



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