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Industrial silver demand to decline 6pct this year – Silver Institute

Posted on 22 November 2012

A new Thomson Reuters GFMS report, commissioned by the Silver Institute, forecasts a downturn in silver industrial demand this year to 454.4 million ounces, “although a recovery in 2013 will see these losses entirely recouped.
“…It should be of little surprise that use of silver in industrial applications slowed in 2012,” said the report. “Indeed the start of the year saw industrial offtake remain extremely weak in a number of key markets, following the steep drop of late-2011.”……………………………………….Full Article: Source


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