(Kitco news) – Key findings from the Silver Institute’s World Silver Survey released on Wednesday (5/14) include an all-time high in silver physical demand for 2013.
The reason, according to Andrew Leyland of Thomas Reuters GFMS, could be the low prices driving up sales. “With prices coming down, people can afford to purchase more silver and more silver content in their jewelry and silverware, and we’re starting to see a bit of a move away from plated silver products as well,” Leyland said.
When asked why the recovery of silver prices seems to be more sluggish than other commodities like gold and copper, Leyland replies: “Silver is often said to have a bit of a duality, because it’s part industrial metal and part investment product. And last year it really got hammered on both sides.”
Watch full interview on kitco.com