RESEARCH AND ANALYSIS
The silver market saw record demand in 2015, according to the World
Silver Survey 2016, which was produced on behalf of the Silver Institute
by the GFMS Team at Thomson Reuters (GFMS).
Jewellery, coin and bar, and photovoltaic sectors all posted new highs, it
said, helping to boost total silver demand to 1.17 billion ounces last
year.
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Overall silver supply to the market was lower, led by the
continued weakness in silver scrap sales.
Last year's supply and demand scenario led to the third successive annual
silver market deficit, reaching 129.8 million ounces, more than 60% larger
than 2014 and the third largest on record, it said.
For further details, download
the World Silver Survey 2016.
