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2014 silver 27% silver coins silver investment demand growth in industrial demand increased significantly

United Kingdom products research institutes (CRU) report shows that industrial demand will rise by 27% year 2014 silver by 2018 will expand by an additional 142 million ounces.

but GFMS report is different, the Agency said in a report, 2014 537.7 million ounces of silver demand from 2013 to 529.7 million ounces.

in 2004, industrial demand for 609 million ounces of silver, and silver coins and silver investment demand only 53 million ounces.

ten years later, the industrial demand dropped to 588 million ounces of silver, silver coins and silver investment demand but sharply rose to 242 million ounces.

despite the drop in industrial demand for silver is mainly because photography application to reduce, but silver coins and silver bullion is clearly a big winner.

If you remove the photographic applications, industrial applications of silver rose 15% in the 2004-2013 years, while silver coins and silver bullion demand rose by 357%.

in addition, 187 million ounces of silver demand since 2004 growth to 2013 in year of 198 million ounces, but demand for silver coins and silver bullion has now exceeded jewelry demand.

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