Wednesday, January 20, 2021

Tag: Silver Investment Demand Up and Other Silver News

Silver Investment Demand Up and Other Silver News

by Peter Schiff, Schiff Gold:

Global silver demand nudged higher in 2019 thanks to a 12% increase in investment demand as retail and institutional investors focused their attention on the long-term investment appeal of the white metal according to a report highlighted in the latest edition of the Silver Institute’s Silver News.

According to the World Silver Survey 2020, total demand inched higher by 0.4% despite the trade war. Investment demand grew to 186 million ounces, the largest annual growth since 2015. Exchange-traded product holdings stood at 728.9 million ounces at year-end, up by 13%, achieving the largest annual rise since 2010.