What is Silver and a Silver Stock?
Silver is a dynamic metal, both for investment and industrial consumption. Investment demand is sourced from individual and institutional investors into physical or paper based silver transactions including coins and bars, Silver ETFs and other Silver focused funds. Industrial demand includes applications in electronics, medicine, jewelry, silverware, solar and water applications and most recently for possible application in cancer treatment. The top silver stocks provide silver, lead, zinc concentrates in order to produce the aforementioned products for everyday life and further investment for additional applications. Some of the best opportunities are based in Canada, where an investor can invest in the best silver stocks, or worldwide the best silver stocks to buy now.
In 2010, global silver stock production reached 736 million ounces and 215 million ounces of Silver from recycled scrap. In total, brings a ratio of nine ounces of Silver to one ounce of Gold. In 2013, global silver stock production reached 820 million ounces and 192 million ounces from recycled scrap. As per the Silver Institute, 2018 forecasts include a physical surplus of 35.3 Moz. and total silver supply is forecast to rise by 0.3% to 998.4 Moz. Global physical demand is expected to contract by 3.0% to 963.0 Moz this year; a third consecutive decline. Bar and coin demand will be the main driver behind the fall contracting another 12.2% to 124.8 Moz in 2018. Demand for jewelry and silverware is forecast to fall 0.6% to 252.9 Moz. There is soft demand in India and China with India experiencing a disappointing monsoon season did not result in the expected increase in jewelry purchases and China a generally weakening economic climate is discouraging further purchases. For the use of silver in a wide range of industrial applications, accounting for approximately 60% of total silver demand in 2018, with decline this year of 1.8% reaching 585.4 Moz. Photovoltaic silver demand decreased because of government interventions in USA and China.
Silver Institute Silver News: US Mint Runs Out of 2013 American Silver Eagle Coins. Click here to read
2018 Interim Silver Market Review Press Release Click here to read
Silver Institute Video Series: What is Silver?...Click here to view video
Source: Silver Institute