Industrial Use Of Silver Forecast To Rise To 665.9 Million Ounces In 2015

``The report identifies 11 still-new applications for silver, ranging from food packaging to radio identification tags to auto catalysts, which collectively could exceed 40 million ounces of industrial demand by 2015, said the Silver Institute... Much of the forecast growth will come from established applications, such as silver’s use in electrical contacts and in the photo-voltaic market, the report said. The “technical proficiency of silver” limits the ability to switch in favor of lower-cost alternatives, making the metal largely price inelastic, the Silver Institute said.''