Prospector News Publisher Michael Fox is joined by Michael DiRienzo President and CEO of the Silver Institute. We discuss the findings of their latest report that projects that Silver Demand will increase by 42% over the next decade. This will occur across 3 main areas Silverware, Jewelry and Industrial Usage. Higher gold prices are driving demand for “the “Poor Man’s Gold” silver in jewelry and silverware particularly in India were demand was up significantly in 2022.

Industrial usage is spiking as well due mainly to the “Green Transition” Significant amounts of silver are found in Solar Cells and in Electric Vehicles. As the world moves towards electrification increasing demand will come from these 2 sectors.

The Silver Institute is the silver industry’s primary voice in expanding public awareness of silver’s essential role in today’s world, especially in green applications. Its mandates are to provide the global market with reliable statistics and information on silver and create and execute programs that help drive silver demand. For more information on silver, including its use in the green economy, please visit www.silverinstitute.org