Tuesday afternoon (Dec. 12), the U.S. mint announced that it broke yet another record in sales for American Eagle silver bullion coins, but numismatics aren’t the only ones cashing in on the low prices. Signs that the industrial sector is poised to gobble up more and more silver are all around us, says the Silver Institute.
In a just-released report, the Institute predicted that total silver industrial demand is forecast to grow 27 percent, adding an additional 142 million ounces of silver demand through 2018.
“Increasing demand for silver in solar panels, as well as in the production of ethylene oxide, automobiles, bearings and batteries, has influenced consumers in developed and developing countries to varying degrees, with silver industrial demand shifting among key geographical locations (*cough China *cough India *cough),” remarked SilverSeek.com.
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