世界白银协会：2017年白银调查更新报告（英文版）

Physical silver demand expected to decline 5% to below 1bn ounces for first time since 2012. • Strong decline in physical bar and coin demand which has been particularly driven by very weak sentiment in North America. • Jewelry fabrication switched marginally positive from the weak sentiment last year. • Solar demand remained again a positive outlier this year driven in large by capacity expansions in China and a triple growth in installations. • Thrifting continued to weigh on electronics de