“The fundamentals for silver remain fairly sound; demand is expected to grow around 2% next year, while production is expected to fall around 2.7%.”
Scotiabank, Precious Metals 2016 Forecast, 12/15.
“The silver market saw record demand in 2015, with the jewelry, coin and bar, and photovoltaic sectors posting new highs, helping to boost silver demand to 1.17 billion ounces last year.”
The Silver Institute, 5/5/16.
“We expect the silver price to average $15.90 this year and that’s going to be defined by an overall upward trend.”
Erica Rannestad, Senior Analyst, Thomas Reuters GFMS, 5/5/16.
“There are a number of catalysts that point to a rebound in silver going forward. At current levels, silver is one of the better long-term investment opportunities out there right now.”
John Whitefoot, Lombardi Analyst
