For data wonks like me, the annual Yearbooks from various gold and silver consultancies make for fun reading. You can always find little gems about whatís going on in the markets, and sometimes you can spot changes in trends early on. Seeing a compelling chart, especially one thatís not been widely reported, is almost as exciting as seeing my wife in a short skirt on date night.

Well, Iíve got a series of charts for you that point to a silver trend that is so entrenched in its development, so inevitable in its outcome, so inescapable in its consequences that it comes as close as one can get to a guarantee. And once fully underway, it will have major implications for the silver price, along with the availability of investment metal.

These charts all come courtesy of CPM Groupís 2018 Silver Yearbook. There are a number of precious metals consultancies in the industry, but Iíve found over the years that their Yearbooks have the most comprehensive and in-depth research (I know many readers disagree with their views on manipulation of the metals, but separate that out from the data theyíve uncovered and what it means).

Letís jump in, starting with the demand sideÖ

Isnít Silver Investment Demand Down?

What most investors hear is that silver demand is down. And yes, coin and bar sales fell 52% last year, ending up at approximately the same level as 2007. But demand for ETPs (exchange-traded products, including ETFs) remained near all-time highs, as the data shows.

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