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View the World Silver Survey 2006
View the Silver Stock Report
Over the past seven years, the price of silver has increased from less than US$5.00 per ounce to its current trading level of around $13.00 (June, 2007). In five years, silver prices have increased more than 250%.
Silver's climb has been sustained by:
- increasing industrial demand (especially in technology and electronics);
- a continuing movement into silver as an investment vehicle;
- a virtual disappearance of above-ground silver stocks;
- all-time low levels of LME and COMEX silver holdings;
- much higher demand from China
- lower levels of scrap silver, especially from photography as a result of the continuing shift into digital technology.
Fabrication demand continues to outstrip supply. Combined with the increasing investment demand, the market will likely remain very strong.
For an excellent and detailed discussion of world silver demand/supply fundamentals and statistics, visit The World Silver Institute's website: www.silverinstitute.org.
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