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Press release content from Globe Newswire. The AP news staff was not involved in its creation. Global Pandemic Fueled Renewed Investor Interest in Silver in 2020 The Silver InstituteApril 22, 2021 GMT WASHINGTON, April 22, 2021 (GLOBE NEWSWIRE) Considerable growth in silver investment was the chief driver of the metal’s 27 percent average price gain in 2020. Leading the way was substantial demand for silver-backed exchange-traded products (ETPs), which took global holdings above one billion ounces for the first time since their introduction in 2006. Strong demand for silver bars and coins pushed physical investment demand up 8 percent to a four-year high. In a challenging year for many markets due to the global pandemic, other components of silver demand had weaker results. Against this backdrop, overall silver supply was lower, the result of a 6 percent contraction in mine production, which offset a 7 percent increase in silver scrap supply. The market ended the year with a

United statesCity ofUnited kingdomPhilip newmanMinas buenaventuraMichael dirienzoTanaka kikinzoku kogyoInternational monetary fundInternational depository services groupCoeur mining incAlexco resource corpSprott physical silverFirst majestic silver corpSilver instituteEndeavour silver corpPan american silver corp