by Peter Schiff, Schiff Gold:
Global silver mine supply dropped for the second straight year as industrial demand rose for the first time since 2013, according to the World Silver Survey 2018 produced by the GFMS team at Thompson-Reuters and released by the Silver Institute this week.
Industrial demand for silver rose 4% to 599 million ounces last year. Solar panel fabrication primarily drove the growth. Photovoltaic demand climbed 19% as solar panel installations worldwide rose 24%. Brazing alloy and solder silver fabrication also increased, rising about 4%.