Think This Global Economic Slowdown's Reduced Industrial Demand For Silver? Think Again!

"...their negative impact on silver demand, has been mitigated by higher silver loadings, especially in the all-important..."

(Silver Doctors Editors) The The Silver Institute just released their Metals Focus Interim Silver Market Review.

The review is titled Silver to remain in a small surplus in 2019, but improving investor sentiment will help drive the price higher.

On interesting thing to note is that often times analysts discuss how industrial demand for silver drops during times of economic slowdown, however, the decline in industrial demand seems to be mitigated this time around.

From the Silver Institute:

For the second year in a row, silver industrial fabrication will hold at a record high. Even so, in the wake of the escalating US-China trade war,several areas of electrical and electronic end-uses have struggled, broadly in line with an global economic downturn. However, their negativeimpact on silver demand, has been mitigated by higher silver loadings, especially in the all-important automotive sector (as vehicles becomemore sophisticated). In addition, silver consumption in the photovoltaics sector has also grown as more countries push ahead with renewableenergy projects in 2019.

The Silver Institute, along with the World Gold Council, are certainly controversial groups. That said, it is worth checking out the report in its entirety as when taken at face value, there are some interesting little nuggets of information contained in the report.

For example, it looks like mine production will be down again for the second year in a row with total supply flat: