Posted 10 November, 2011
WASHINGTON, DC--(Marketwire -11/10/11)- The Silver Institute released a report today titled "The Silver Investment Market -- An Update," which forecasts world silver investment will reach a record high total of $10 billion in 2011, representing a 66 percent increase over the $6 billion posted in 2010.
Other findings from the report include:
- The outlook for silver prices is bullish for the remainder of 2011 and into 2012;
- Silver investment has become a key area of the global silver supply/demand balance;
- Since the beginning of 2008, global Exchange Traded Fund (ETF) holdings have grown by 364 million ounces (Moz) to 577 Moz on October 31, 2011; and
- This year, a fresh peak of 41 million coins is forecast for the U.S. Mint's American Eagle silver bullion coin sales, eclipsing last year's record of 34 million coins. Globally, bullion coin sales are on target to post another record high. ........
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