By SchiffGold
Silver demand was up 4% and hit a three-year high in 2018, according to the 2019 World Silver Survey released by the Silver Institute this week. Physical demand for silver came in at over 1 billion ounces last year.
Meanwhile, silver mine production fell for the third straight year, dropping 2% in 2018 to 855.7 million ounces.
According to the Silver Institute, a modest rise in jewelry and silverware fabrication, and a healthy jump in coin and bar demand helped drive overall demand for the white metal higher.
Silver jewelry fabrication increased for