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Silver demand seen down 5% this year due to weaker jewellery purchases
LONDON: Silver demand is expected to fall by 5% in 2026 due to weaker jewellery demand and lower consumption in solar cells, where high prices have accelerated substitution, research showed on Friday. Research done by consultancy Metals Focus for the Silver Institute puts demand at 1.08 billion troy ounces this year. Silver used in jewellery, electronics, electric vehicles and solar panels as well as for investment, is down 59% to $50 an ounce since retail buying drove prices to a record high of $121.6 in January. The base for that rally was created in 2025, when silver surged 147%, as massive...
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