Silver Industrial Demand to Rise 27 Percent Through 2018

The Silver Institute reported that industrial silver demand is set to grow 27 percent through to 2018 from 2013 levels. That equates to an additional 142 million ounces of silver demand.

As quoted in the market news:

Half of this growth will be accounted for by the electrical and electronics sector, but additional demand will be due to growth in other industrial applications, as highlighted in the report entitled, ‘Glistening Particles of Industrial Silver.’

The unique properties of silver – its excellent thermal and electrical conductivity, as well as its malleability, ductility and optical reflectivity – make it indispensable in many industrial applications, from watch batteries to industrial-scale solar energy systems, according to CRU Consulting, the London-based metals consultancy and authors of the report.

Click here to read the full Silver Institute press release.
Click here to read the “Glistening Particles of Industrial Silver” report.