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GFMS Sees Silver-Fabrication Demand Advancing 3.9% This Year

Demand for silver fabrication climbed this year, paced by gains in coin and jewelry consumption, as prices tumbled into a bear market in April, Thomson Reuters GFMS said.

Fabrication demand will rise to 877 million ounces in 2013, up 3.9 percent from 844 million last year, the researcher said in a report published by the Washington-based Silver Institute. Use in jewelry will gain 5.6 percent, while consumption in coin and medal purchases is forecast to surge 19 percent to 110.5 million ounces