Exceptional Growth in Key Sectors Leads to Record High Silver Demand in 2015

Jewelry, Coin and Bar, and Photovoltaic Demand Reach Historic Levels

The silver market saw record demand in 2015, with the jewelry, coin and bar, and photovoltaic sectors posting new highs, helping to boost total silver demand to 1.17 billion ounces last year, according to World Silver Survey 2016, published in May. Last year’s supply and demand scenario led to the third successive annual silver market deficit, reaching 129.8 million ounces, more than 60 percent larger than 2014 and the third largest on record.