Silver Institute Publishes Results for 2011

The Silver Institute published its demand-supply results for silver during 2011. Notable is that we are contracting from 2010, but we are still much higher than we were in 2008.

Interestingly, industrial demand fell over the whole line, even investment demand. But demand for coins skyrocketed upwards with a 20% increase from the previous year 2010. You know who buys coins? Yes, the common Joe Six-pack. We are all aware of the coming collapse and people are preparing for it.

Chart 1: Silver Demand