Silver News: Global Demand Up and More Technical Innovations

Global silver demand rose for the first time since 2015 last year.

The Silver Institute highlighted the growing demand for silver along with a number of technological innovations utilizing the white metal in its latest edition of Silver News.

Investment demand and rising jewelry sales helped boost overall demand for the white metal by 4% in 2018.  Total silver demand came in at 1.03 billion
ounces last year. That marked a three-year high.

Silver bar demand jumped by 53%. Investors India led the way. Demand there leaped 115% higher last year.

Silver jewelry demand moved 4% higher worldwide in 2018, coming in at 212.5 million ounces. India was again the standout with demand for jewelry up 16% – a new record level. Demand also picked up in North America. US silver jewelry sales posted a 7% rise to an all-time high of 17.4 million ounces.

Meanwhile, silver mine output fell for the third consecutive year.

The latest edition of Silver News has more details on these supply and demand numbers along with some fascinating technological developments using silver and other interesting news related to the white metal.

• The California Dental Association (CDA) is sponsoring legislation that would allow Silver Diamine Fluoride (SDF) – an effective and safe cavity preventer, especially in children – to be covered under the state’s Medi-Cal Dental Program.
• Two of Bollywood’s most popular movie stars — Deepika Padukone and Ranbir Kapoor — who were once an item, are back together in a campaign for antibacterial, silver-based paints called Royale Health Shield, manufactured by Asian Paints.
• Researchers from the University of South Australia have developed a silver microneedle patch that delivers vaccines with no pain and reduces the potential for spreading disease through needle reuse.
• Silver is being used to keep astronauts healthy in the International Space Station.
• Russian chemists at National University of Science and Technology MISiS University in Moscow have developed a catalyst consisting of boron nitride and silver nanoparticles that help reduce carbon monoxide emissions.
• And you can learn how much silver is in your smartphone. The amount might surprise you.

As the latest edition of Silver News shows, the supply and demand fundamentals look really good for silver right now. And the silver-gold ration remains at near-record levels. In other words, silver is significantly underpriced compared to gold. This is silver on sale! Today (May 1, 2019)  is the last day to take advantage of SchiffGold’s special pricing on American Silver Eagle coins. The sale ends at 6 p.m. eastern or when supplies run out. Click the banner for more information.

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