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Silver Coins Minting

Silver coin minting may up to 25% this year, taking the total to an all-time high silver coins minting in Thomson Reuters GFMS data series.Jewelry fabrication is expected to increase slightly this year, partly due to substitution-led gains at the expense of gold. Thomson Reuters GFMS anticipates further declines in jewelry fabrication silver demand next year.

Even though silver's core fabrication demand (excluding coins) should rise next year, largely due to gains in industrial consumption, "it will nonetheless be exceeded by gains in production and recycling." However the substantial silver market surplus should be absorbed by silver investors, Thomson Reuters GFMS suggested.
"Investor interest remains strong due to a favorable financial backdrop and in spite of two major sell-offs," Klapwijk observed. Meanwhile, he added, underlying secular growth in industrial demand continues, with much of this relatively price-insensitive, particularly in the short-run.