World Silver Survey 2020

The Silver Institute/Metals Focus

Photo stacks of silver bullion coins“Global silver investment jumped 12 percent to 186.1 million ounces (Moz), making it the largest annual growth since 2015. Notable gains in Europe (+25 percent), the US (+9 percent) and India (+5 percent) led to the increase. Institutional investment fared even better than retail demand. Last year, exchange-traded product (ETP) holdings stood at 728.9 Moz at year-end, up by 13%, achieving the largest annual rise since 2010.”

USAGOLD note:  Is silver angling for a major turnaround?  The Silver Institute offers some hopeful signs as indicated in the snippet above. The link above takes you to the full 86-page report.

Repost from 4-22-2020

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