Industrial Demand for Silver to Drop by 6 percent this year: Report

Mineweb reported that a new Silver Institute commissioned report suggests that industrial demand for silver is likely to drop by 6 percent this year.

As quoted in the market report:

It should be of little surprise that use of silver in industrial applications slowed in 2012,” said the report. “Indeed the start of the year saw industrial offtake remain extremely weak in a number of key markets, following the steep drop of late-2011.

To view the whole Mineweb report, click here.