16-4-2019
Silver price is expected to jump this year despite a drop of two percent of silver mine production last year as the supply and demand remain stable, according to the World Silver Survey 2019 released by the Silver Institute.
The average per-ounce price of silver fell by 7.8 percent mainly driven by the trade dispute between the United States and China, which strengthened the US dollar and dragged down metal prices.
However, silver demand was up four percent and marked a three-year high in 2018. Silver coin and bar category increased 20 percent due to an exceptionally strong silver bar demand in India.
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