Silver Demand Forecast to Soar Over Next Decade, Led by Industrial and Jewelry Markets
-
Demand for silver expected to see 42% growth through 2033 according to Oxford Economics, double the growth rate over the previous decade.
-
Industrial demand will continue to dominate, forecasted to grow 46% over the next 10 years.
-
Jewelry and silverware demand also projected to rise significantly by 34% and 30% respectively.
-
China expected to lead industrial and jewelry demand for silver over the coming decade.
-
Market expected to see significant silver supply deficits in next several years, but prices remain lackluster.