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Update on Silver Industry

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    Global Silver Demand Forecasted to Rise 11 Percent in 2021, Reaching 1.025 Billion Ounces

    The main segments of silver demand are expected to rise this year. Led by industrial and physical silver investment, global silver demand is anticipated to achieve an eight-year high in 2021. Additionally, the outlook for the silver price remains encouraging, with the annual average price projected to rise to a seven-year high of $30.00. For more information on the Silver Institute’s thoughts on the 2021 market, please click here.