Precious Metals:Data & Statistics
Demand for Silver for Use in Jewelry & Silverware Increases
Jewelry and silverware led an increase in silver demand in 1997 and are
expected to do the same this year. That's the word from the CPM Group, which
produces reports on all precious metals.
In fact, jewelry and silverware now comprise the fastest- growing major
silver-using sector, rising 7.7% to 282.3 million ounces in 1997.
The U.S. and Western Europe reported steady growth in 1997, while demand
from emerging markets especially in Asia posted record highs.
Because of the current financial problems throughout much of Asia, growth
in silver demand should be lower this year. It's projected to rise only
about 3% to 290.2 million ounces.
Copyright © 1998 by Bond Communications.