It depends on who's interviewing you...
Who's telling the truth?
The Street interview:
Here's THE STREET'S VIDEO DESCRIPTION:
Published on May 6, 2015
Total
silver physical demand stood at 1.07 billion ounces last year, the
fourth highest level recorded since 1990, but down 4% from 2013, said
Andrew Leyland, Precious Metals Demand Manager for Thomson Reuters. A
main factor in the decrease in physical demand was a fall in coin and
bar demand which hit record levels the year before, according to the
Silver Institute's World Silver Survey 2015. Industrial application
demand, which account for more than half of total physical demand, was
lower by 0.5%. Silver jewelry fabrication had a second consecutive year
of growth, increasing 1.5%, while ETF holdings stayed steady. Finally,
silver mine production grew by 5%.
The KITCO interview:
Here's what was outlined in the KITCO VIDEO DESCRIPTION:
Published on May 6, 2015
Kitco
News is joined by Thomson Reuters GFMS’ Andrew Leyland as he shares
results from this year’s silver survey. The annual report provides an
in-depth look into the silver market and provides forecasts for the
coming year. According to Leyland, he expects silver to move above $17
an ounce in 2015. “Going forward, we would expect silver to outperform
gold,” he adds. Leyland also comments on physical demand for the metal
and new uses for silver in different industries. Tune in now for the
latest silver research presented by The Silver Institute in
collaboration with Thomson Reuters GFMS. Kitco News, May 6, 2015.
...developing...
