Report: Demand for silver expected to rebound in 2014

By Minerals Make Life on November 30, 2012 in Growth

Despite a six percent decrease in silver consumption projected for 2013, resulting from the sluggish global economy, a new report commissioned by the Silver Institute found that silver consumption is expected to rebound in 2014. This is due to increased demand for consumer products—specifically automobiles and electronics—in emerging markets where rapidly advancing living standards means such products have become increasingly affordable and desirable.

The report notes that the largest end-use of silver is in the electrical and electronics sector, which includes products such as computers, televisions, cell phones, tablets, as well as photovoltaics.

Click here to download and view the report in its entirety.