Strong 2022 for silver jewellery demand

Global demand for silver jewellery will have surged to a record high in 2022, driven by strong recovery in the Indian market, according to the Silver Institute.

Silver jewellery demand is poised to increase by 29 per cent to 235 million ounces (Moz) this year, largely due to an “unprecedented rebound” in Indian demand, which was partly fuelled by strong inventory replenishment ahead of festive and wedding seasons. By comparison, silver jewellery demand reached 202 Moz in 2015 and 2018, and 181.4 Moz in post-lockdown 2021.