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Who's Buying Silver Part 3: EO & Investment - Miguel Perez-Santalla - Bullion Vault

"But adding the ETF and other physical investment products together, it becomes larger than the jewelry by 28%."

I do believe Mr. Perez-Santalla has assumed that ETF silver is actually backed by some form of physical silver.

Commented 3948 days ago

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Beginning of the headline :Final instalment in our expert's tour of silver investment & industrial demand... FOR ALL ITS monetary use, silver is by far an industrial metal today, writes Miguel Perez-Santalla at BullionVault. The industrial sector consumed close to 466 million ounces of silver in 2012. We already discussed photovoltaic silver consumption in Part 2 of this series, and how it remains a long way from filling the demand gap left by the collapse of pre-digital photography. So who does buy silver in bulk? ... Read More

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