Silver Institute Press Releases
- Silver is a Highly Strategic Asset for Institutional Investors Seeking Diversification and Risk-Reduction
It is a Reliable Hedge Against Inflation, Currency Devaluation, and Systemic Financial Instability
(November 19, 2024 – Washington, DC) Institutional investors seeking to strengthen their portfolios through diversification should consider the compelling benefits of investing in silver, according to a new report commissioned by the Silver Institute. The report, “Silver’s Strategic …
- Global Industrial Demand on Track for a New Record High in 2024
The silver market is set to see a sizeable structural deficit for the fourth consecutive year
(November 12, 2024) – The global silver market is set to record a physical deficit in 2024 for the fourth consecutive year. Record industrial demand and a recovery in jewelry and silverware will lift demand …
- SILVER INSTITUTE MEMBERSHIP ELECTS NEW OFFICERS
(Washington, DC – August 21, 2024) Mr. Octavio Alvidrez, CEO of Fresnillo Plc (LSE/BM: FRES), headquartered in Mexico City, has been elected Chairman of the Silver Institute by its membership for a second term, having previously served as Chairman from 2017-2018. Also, Mr. Dale Andres, CEO of Gatos Silver (NYSE/TSX: GATO) based in Vancouver, British …
- Ava Global Logistics and San Cristobal Mining Join the Silver Institute
(Washington, DC – July 16, 2024) – Ava Global Logistics and San Cristobal Mining are the newest companies to join the Silver Institute this year as members. Earlier in the year, the Institute welcomed five other companies as members: The Australian Bullion Company, Bunker Hill Mining Corp., Glencore, Silver Bullion Pte Ltd, and Sunshine …
- Silver Industrial Demand Rose 11 Percent to Post A New Record in 2023
Silver Demand for Photovoltaics Increased 64 Percent, Surpassing Estimates
(New York City – April 17, 2024) On the heels of 2022’s record use of silver in industrial applications, a new record high was set in 2023 at 654.4 million ounces (Moz). Ongoing structural gains from green economy applications underpinned these advances …
- Silver Institute Membership Continues to Grow
(March 12, 2024) – The Silver Institute is pleased to welcome five companies to its growing roster of members. These companies represent key areas of the broader silver industry and are based in Australia, Switzerland, Singapore, and the United States, further expanding the Silver Institute’s global footprint.
The new members include:
- Silver’s Dual Nature as a Financial Asset and an Industrial Commodity Requires a Multi-Factor Analysis to Understand and Predict Movements in the Price
(Washington, D.C. – February 27, 2024) As both a financial asset and an industrial commodity, silver’s price is determined by multiple factors, the importance of which can vary significantly over time. To explore and better understand this complex set of factors, the Silver Institute has commissioned a new Market Trend Report, “Factors that Determine …
- Global Silver Demand Forecasted to Rise to 1.2 Billion Ounces in 2024
If Achieved, It Would Be Second Highest Level on Record
(Washington, D.C. – January 30, 2024) Global silver demand is forecast to reach 1.2 billion ounces in 2024, which, if achieved would be the second-highest level recorded. Stronger industrial offtake is a principal catalyst for the rising global demand for …
- Global Silver Industrial Demand Forecast to Achieve New High in 2023
Silver Market Expected to Register Another Sizeable Structural Deficit
(New York – November 15, 2023) – Silver Industrial demand is expected to grow 8% to a record 632 million ounces (Moz) this year. Key drivers behind this performance include investment in photovoltaics, power grid and 5G networks, growth in consumer electronics, …
- Important Silver Demand Drivers to Effectively Double Rate of Growth Over Next Decade
(Washington, D.C. – November 8, 2023) Three key sectors of global silver demand – industrial, jewelry and silverware – are significant drivers for annual silver consumption and accounted for nearly three-quarters of the world’s demand for silver in 2022. This stands in contrast to investment demand for silver, which was a sturdy 27 percent …