Silver Demand to Increase in 2013: GFMS

Reuters reported that silver demand is expected to pick up in 2013 on increase in buying of silver bars and coins, as well as growing demand from the manufacturing sector, according to the GFMS.

As quoted in the market report:

Strong buying of silver coins and bars by bargain hunters after a sharp price fall this month is expected to underpin investment demand, which may hit an all-time record, said Neil Meader, head of precious metals research and forecasts at Thomson Reuters GFMS.

To view the whole Reuters report, click here.