Today the Silver Institute published its report on 2016 Silver Market Trends and what it feels will be the ups and downs of the silver market place.

You can read the full report here https://www.silverinstitute.org/site/2016/01/28/2016-silver-market-trends/

Or you can read some snippets from the jewelry industry report here, below, like on this blog.

Jewelry fabrication is expected to increase by 5 percent in 2016, in contrast to a modest contraction last year. While the market will likely see a decline in Chinese silver jewelry demand, which accounted for around 16 percent of the 2015 total for silver jewelry fabrication, growth in other countries should more than offset China’s slippage in demand.

Indian silver demand in 2016 is expected to grow on the back of increased investor interest and growth in jewelry, decorative items and silverware fabrication.  India, long a mainstay of global silver demand, imported a record high 228 Moz of silver bullion in 2015.  Imports rose largely due to a decrease in scrap flows, necessitating new supply to meet annual fabrication requirements, a trend projected to continue.

Silver Supply

Global mine supply production is projected to fall in 2016 by as much as 5 percent year-on-year.  This would represent the first reduction to Global Silver Mine production since 2002. The lower price environment provided little incentive for producers to invest in expanding capacity at existing operations.   Looking further ahead, many analysts expect global silver mine production to fall through 2019 as primary silver production from more mature operations begins to drop.

Silver Price

The silver price is expected to find solid ground this year.  As of January 26^th, silver prices are up 3.7 percent from the end of last year. This price appreciation is on the back of increased safe haven demand amid volatile and weakening equity markets across the globe.