According to the report issued by Silver Institute, outlook for Silver 2025 & the Survey suggested that total demand this year is projected to fall slightly to 1.15 billion ounces with industrial demand remaining flat, however coin and bar demand in some Western markets should experience a modest recovery.
Total silver supply is forecast to increase by 1.5 percent led by higher mine production. Even so, the silver market is expected to remain in a structural market deficit marking the fifth consecutive year. As for the silver price, through the first quarter of 2025, the silver price rose 18 percent, hitting $34 an ounce amid rising geopolitical and economic uncertainties in mid-March.
Comparing to the previous, total silver demand fell by 3 percent to 1.16 billion ounces in 2024 primarily because of weakness in physical silver investment. Regionally, China accounted for the largest worldwide share of industrial demand with a 7 percent rise, while India was up 4 percent. In the West, industrial demand in Europe was generally weak (barring one-off gains in the UK), while US demand fell 6 percent last year.
Demand for brazing alloys rose by 3 percent, as “the automotive and aerospace industries, among others, underpinned growth in demand,” the Survey noted. Jewelry fabrication also rose 3 percent. Coin and bar demand fell 22 percent last year to a five-year low of 190.9 Moz. On the other hand, India recorded a 21 percent rise, due to bullish price expectations and the import duty cut.
Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D
Shaping India’s $100 Billion Gems & Jewellery Future
At the Chintan Shivir on the 2040 Roadmap, Commerce Secretary Shri Rajesh Agrawal outlined a vision to grow India’s gems & jewellery sector from ~$29B to $100B, driven by innovation, technology, design, global branding.
Shaping India’s $100 Billion Gems & Jewellery Future
At the Chintan Shivir on the 2040 Roadmap, Commerce Secretary Shri Rajesh Agrawal outlined a vision to grow India’s gems & jewellery sector from ~$29B to $100B, driven by innovation, technology, design, global branding.
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
