WASHINGTON, DC--(Marketwired - Oct 22, 2014) - Investors are likely to increase their net silver purchases in the years ahead, largely due to an ongoing weak global economy, for capital preservation and silver's pedigree as a leading industrial metal, according to a report released today by the Silver Institute. The report, entitled "Silver Investment Demand," suggests that investors may accumulate as much as one billion additional ounces of silver in various investment instruments over the next decade. This is on top of the more than 860 million ounces of silver purchased as an investment since 2006.
Other significant points of the "Silver Investment Demand" report include:
The report, produced by the CPM Group, a New York-based metals consultancy, takes a broad look into the components making up silver investment demand, including bullion & coins, futures and options, exchange traded products and silver mining equities. It also examines other important areas of the investment complex and contains an outlook for silver investment demand.
"This timely publication underscores silver's important role as a trusted investment," stated Michael DiRienzo, Executive Director of the Silver Institute. "Even in these days of precious metal price volatility, we are seeing areas of growth within the silver investment arena. This year's progression in silver exchange traded funds, for example, suggests that investors are very keen to acquire and hold the white metal."
Click this link to download a free copy of the report: Silver Investment Demand Report
The Silver Institute is a nonprofit international industry association headquartered in Washington, D.C. Established in 1971, the Institute's members include leading silver producers, prominent silver refiners, manufacturers and dealers. The Institute serves as the industry's voice in increasing public understanding of the many uses and value of silver, and also creates programs across many platforms that benefit the white metal. For more information on the Silver Institute, or silver in general, please visit: www.silverinstitute.org.
Contact Information:
Contact:
Michael DiRienzo
The Silver Institute
(202) 495-4030
Jeff Christian
CPM Group
(212) 785-8320