世界白银协会：2020年金属焦点银饰报告（英文版）

Silver jewelry fabrication is one of the bedrocks of the metal’s overall demand, accounting for around one-fifth of the global total. It can also be resilient in the face of high silver prices and so is a more stable contributor to total demand than other areas such as physical investment. Furthermore, there is clear potential for longer-term growth - our proprietary Silver Five Year Forecasting Quarterly shows silver jewelry accounting for around a quarter of total demand by the mid-2020s. G