Silver institute 2012 report on silver demand outlook

Fykus said:
so up or down? :p
Click to expand...

Well I skimmed through the whole thing.

It's quite a balanced article.

Talks about many industries where Silver has potential to grow such as "automobiles" that are using more elements with silver. They expect these high end features to be mainstream in average class cars in a few years time.

Many sectors mention are using less silver or even a couple being replaced by copper in some parts but they always say "still we expect silver demand to rise".

It may sound a little worrying but as Mike Maloney says, it's investor demand that's going to ultimately increase Silver prices.
 
So does "Coins & Medals" include bullion bars (e.g. 1kg+), or is that included in "Industrial"?

Searched the doc, not one reference to the word 'bullion', and only three obscure references to 'investment' which mention nothing of investment demand for silver.
 
It's entirely about industrial demand.
And the price didnt triple 2008's due to industrial demand, but due to 'investment' demand (mostly those Exchange Traded Funds, that hold about 600 Moz at the moment).
 
It has 15 pages, detailed analysis. Worth downloading and studying.

I actually think it will go below 30 $/oz for a while. Perhaps towards the end of this year... Some actually predicted 60 $ for 2012, but that hasn't happened.
 
willrocks said:
So does "Coins & Medals" include bullion bars (e.g. 1kg+), or is that included in "Industrial"?

Searched the doc, not one reference to the word 'bullion', and only three obscure references to 'investment' which mention nothing of investment demand for silver.
Click to expand...
Coins & Medals are fabrication, doesnt include bullion bars.
Bullion bars are included in the 'Implied Net Investment' (on the demand side) or 'Implied Net Disinvestment' (on the supply side).
That Implied Net (Dis)Investment is not directly calculated, they subtract demand from supply, and assume that the difference is absorbed by investment as bullion bars (figure > 0) or sold by investors to the market (figure < 0). Hence the word 'Implied'.
 
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