World Silver Supply and Demand
(in millions of ounces)
|
| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
| Supply |
| Mine Production | 613.6 | 639.7 | 642.7 | 666.1 | 683.1 | 713.8 | 750.6 | 754.6 | 792.3 | 819.6 |
| Net Government Sales | 61.9 | 65.9 | 78.5 | 42.5 | 30.5 | 15.6 | 44.2 | 12.0 | 7.4 | 7.9 |
| Scrap | 198.6 | 202.5 | 206.0 | 202.9 | 200.7 | 199.7 | 225.5 | 258.7 | 252.6 | 191.8 |
| Net Hedging Supply | -2.0 | 45.9 | -11.6 | -24.1 | -8.7 | -17.4 | 50.4 | 12.2 | -47.0 | -41.3 |
| Total Supply | 872.0 | 954.1 | 915.6 | 887.3 | 905.7 | 911.7 | 1,070.7 | 1,037.6 | 1,005.3 | 978.1 |
|
| Demand |
| Jewelry | 187.1 | 187.9 | 176.0 | 183.2 | 178.2 | 177.3 | 190.6 | 183.4 | 181.4 | 198.8 |
| Coins & Bars | 53.0 | 51.5 | 48.7 | 51.2 | 187.7 | 87.9 | 146.1 | 212.6 | 139.3 | 245.6 |
| Silverware | 68.1 | 69.4 | 63.2 | 61.3 | 59.5 | 54.2 | 52.6 | 48.1 | 44.6 | 50.0 |
| Industrial Fabrication | 608.9 | 637.1 | 645.2 | 656.7 | 651.3 | 540.2 | 643.2 | 624.8 | 589.1 | 586.6 |
| …of which Electrical & Electronics | 191.8 | 211.1 | 223.1 | 239.8 | 245.5 | 203.1 | 272.6 | 260.6 | 237.0 | 233.9 |
| …of which Brazing Alloys & Solders | 48.9 | 52.4 | 54.4 | 58.1 | 61.3 | 53.3 | 60.6 | 62.4 | 60.3 | 62.4 |
| …of which Photography | 178.8 | 160.3 | 142.2 | 117.0 | 100.2 | 78.4 | 68.8 | 61.7 | 54.4 | 50.4 |
| …of which Other Industrial | 189.4 | 213.2 | 225.4 | 241.9 | 244.4 | 205.4 | 241.2 | 240.0 | 237.4 | 240.0 |
| Physical Demand | 917.1 | 945.9 | 933.1 | 952.3 | 1,076.7 | 859.5 | 1,032.6 | 1,068.9 | 954.4 | 1,081.1 |
| Physical Surplus/Deficit | -45.1 | 8.2 | -17.5 | -65.0 | -171.0 | 52.2 | 38.1 | -31.3 | 51.0 | -103.0 |
| ETF Inventory Build | 0.0 | 0.0 | 157.8 | 54.8 | 101.3 | 153.8 | 132.6 | -24.0 | 55.1 | 1.6 |
| Exchange Inventory Build | -20.3 | 15.9 | -9.0 | 21.5 | -7.1 | -15.3 | -7.4 | 12.2 | 62.2 | 8.8 |
| Net Balance | -24.8 | -7.7 | -166.3 | -141.3 | -265.2 | -86.3 | -87.1 | -19.4 | -66.3 | -113.3 |
|
Silver Price
(Average London US$/oz) | 6.658 | 7.312 | 11.549 | 13.384 | 14.989 | 14.674 | 20.193 | 35.119 | 31.150 | 23.790 |
SOURCE: World Silver Survey 2014 |
For an in-depth look at silver production, please see our
Production section. For articles related to supply and demand, see the
Silver News archives.
Noi monitoriamo SLW che graficamente è già interessante , rottura delle bande di bollinger superiori
