New silver study predicts increased production, investor demand in 2009

A new research report released by the CPM Group predicts continued silver production and investor demand increases in 2009. The Silver Yearbook 2009 notes that investors have been turning to silver and other precious metals as a safe haven in difficult economic times and that near record increase in prices over the past few years are a reflection of this trend. According to the report, investors purchased 102 Moz of silver in 2008. For 2009, CPM projects that investors will purchase 182 Moz of silver. (more…)