Loading ...Outlook brightens for 2019, says Silver Institute
Last year was disappointing, but the Silver Institute is predicting a “more supportive” climate for silver this year. Sales of the US Mint’s American Eagle coins rose 12% in January 2019, compared to the same month a year earlier. Silver should also benefit as the U.S. Federal Reserve is expected to ease off interest rate hikes.
On the demand side, the Silver Institute expects the industrial fabrication sector should see a modest rise. Demand for silver from the photovoltaic (PV) demand is seen as strong, especially where governments support the move to renewable energy sources. Solid growth is predicted for jewelry uses. Exchange traded products (ETP) will expand by 8 million oz. this year. The demand for physical silver investment should grow by 5%.
cont. http://www.mining.com/outlook-brightens-2019-says-silver-institute/