Global Silver Surplus to Hit 300 Million Ounces in 2012

Mining Weekly reported that the surplus in the global silver market is expected to approach 300-million ounces in 2012 .

As quoted in the market report:

“The situation this year is that we see weaker fabrication demand on two main reasons. One is industrial fabrication has slowed quite considerably this year, especially in recent months, and we see weakness especially in the electronics field and photovoltaic end users,” said Klapwijk.

To view the whole Mining Weekly report, click here.