Silver Institute forecasts 11% increase in silver demand in 2021 – over one billion ounces

The Silver Institute

Repost from 3-2-2021

image of silver bars with rising chart trend line in background

“Going forward, the outlook for the silver price in 2021 remains exceptionally encouraging, with the annual average price projected to rise by 46 percent to a seven-year high of $30.00. Given silver’s smaller market and the increased price volatility this can generate, we expect silver to comfortably outperform gold this year.”

USAGOLD note:  We referenced this Silver Insitute report in Friday’s DMR and repost it here for those who may have missed it.  We include an interesting chart with that report which you might want to take a look at.

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