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Global silver demand rose 4% from 5.
768 billion ounces in 2016 to 5.
99 billion ounces last year, mainly due to rising
demand from the photovoltaic industry.
Most manufacturers adopt solar cell architectures that require conductive silver pastes, making the commodity price of silver an urgent issue
in photovoltaic manufacturing.
World Bank: The price of silver will fall to $13.
42 an ounce by 2030
According to the World Bank, the price of silver has been steadily declining from a high of $18.
23/oz in 2016, up significantly in 2016 from $16.
06/oz in 2015
.
Although the price rose again to $17.
49/oz in the first quarter of 2017, it has returned to a sustained downward trend
.
The price remained at $16.
69/oz in the fourth quarter of 2017 and fell further to $16.
47/oz
in March 2018.
The short-term price forecast for silver is $16.
91/oz
by the end of 2019.
Long-term projections to 2030 point to a sharp decline in silver commodity prices, which have since reached $13.
42/oz
.
However, silver prices will not change
significantly until 2021.
Although the price was $16.
45/oz in 2021, silver prices have since fallen even more and are expected to reach $15.
04/oz
in 2025.
It is worth noting that this report distinguishes between face and constant dollar accounting formats
.
The latter is used to present the figures in this report and to use the dollar value in 2010 as a benchmark
.
While Mexico remains the world's largest producer of silver, producing 5,397 tonnes in 2017, China quickly caught up
with more than 6,000 tonnes.
Over the past few years, China and the United States have been the largest consumers of silver, leading the way
year after year.
Despite continued strong demand in the PV and electronics sectors, investors have been wary of potential trade disputes between the U.
S.
and China, further lowering commodity prices
.
New technologies that require improved production methods to reduce the amount of silver or ways to replace metals altogether have a further downward impact
on commodity prices.
To support this claim, the indicative gold-to-silver price ratio rose to 80 from a 30-year average of 67, indicating considerable market volatility
.
In its report, the World Bank highlights that it is difficult to make clear forecasts
for the solar industry due to changes in the US dollar exchange rate or geopolitical changes.
，
Global silver demand rose 4% from 5.
768 billion ounces in 2016 to 5.
99 billion ounces last year, mainly due to rising
demand from the photovoltaic industry.
Most manufacturers adopt solar cell architectures that require conductive silver pastes, making the commodity price of silver an urgent issue
in photovoltaic manufacturing.
World Bank: The price of silver will fall to $13.
42 an ounce by 2030
42 an ounce by 2030
According to the World Bank, the price of silver has been steadily declining from a high of $18.
23/oz in 2016, up significantly in 2016 from $16.
06/oz in 2015
.
Although the price rose again to $17.
49/oz in the first quarter of 2017, it has returned to a sustained downward trend
.
The price remained at $16.
69/oz in the fourth quarter of 2017 and fell further to $16.
47/oz
in March 2018.
The short-term price forecast for silver is $16.
91/oz
by the end of 2019.
Long-term projections to 2030 point to a sharp decline in silver commodity prices, which have since reached $13.
42/oz
.
However, silver prices will not change
significantly until 2021.
Although the price was $16.
45/oz in 2021, silver prices have since fallen even more and are expected to reach $15.
04/oz
in 2025.
It is worth noting that this report distinguishes between face and constant dollar accounting formats
.
The latter is used to present the figures in this report and to use the dollar value in 2010 as a benchmark
.
While Mexico remains the world's largest producer of silver, producing 5,397 tonnes in 2017, China quickly caught up
with more than 6,000 tonnes.
Over the past few years, China and the United States have been the largest consumers of silver, leading the way
year after year.
Despite continued strong demand in the PV and electronics sectors, investors have been wary of potential trade disputes between the U.
S.
and China, further lowering commodity prices
.
New technologies that require improved production methods to reduce the amount of silver or ways to replace metals altogether have a further downward impact
on commodity prices.
To support this claim, the indicative gold-to-silver price ratio rose to 80 from a 30-year average of 67, indicating considerable market volatility
.
In its report, the World Bank highlights that it is difficult to make clear forecasts
for the solar industry due to changes in the US dollar exchange rate or geopolitical changes.
，
