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Operator
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Sprott Inc. s 2021 first-quarter results conference call. [Operator instructions] As a reminder, this conference is being recorded today, May 7th, 2021. On behalf of the speakers that follow, listeners are cautioned that today s presentation and the responses to questions may contain forward-looking statements within the meaning of the safe harbor provisions of the Canadian provincial securities law.
Forward-looking statements involve risks and uncertainties that undue reliance should not be placed on such statements. Certain material factors or assumptions are implied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. For additional information about factors that may cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements, plea
The Silver Institute: Global Pandemic Fueled Renewed Investor Interest in Silver in 2020
Record Silver-Backed Exchange-Traded Product Inflows Drove Global Holdings to Over One Billion Ounces; Coin and Bar Demand Rose to a Four-Year High
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.
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