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Silver Institute/GFMS report record high silver demand in 2015

Topics [ buy silver bullion online silver bullion bars buy silver ]


The silver market saw record demand in 2015, according to the World Silver Survey 2016, which was produced on behalf of the Silver Institute by the GFMS Team at Thomson Reuters (GFMS).

Jewellery, coin and bar, and photovoltaic sectors all posted new highs, it said, helping to boost total silver demand to 1.17 billion ounces last year. 

Perth Mint silver bars: buy online or call +61 8 9421 7218.

Overall silver supply to the market was lower, led by the continued weakness in silver scrap sales.

Last year’s supply and demand scenario led to the third successive annual silver market deficit, reaching 129.8 million ounces, more than 60% larger than 2014 and the third largest on record, it said.

For further details, download the World Silver Survey 2016.

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