WatchesNov 05, 2025
Shinola President Steps Down Just as He Starts Former Signet CEO Mark Light will remain president of Shinola until a replacement for Ulrich Wohn is found.
SourcingNov 19, 2020
Silver Price Expected to Rise Another 39% in 2021
This follows a significant uptick this year, according to the Silver Institute, even as global jewelry demand was down.
The 2020 average silver price is expected to increase 27 percent, while the global silver jewelry demand is predicted to decrease 23 percent. Pictured here is the “Amanda” sterling silver bracelet from Lika Behar.
New York—Much as it has done for gold this year, the COVID-19 pandemic boosted the silver price in 2020 and it’s expected to continue its rise.
The metal’s price started the year soft, but began taking off throughout the pandemic, Metals Focus Managing Director Philip Newman said in a webinar hosted Tuesday by the Silver Institute to discuss its Interim Silver Market Review.
Its price has grown 38 percent through the year as the crisis led to an uptick in safe-haven demand.
He said price is predicted to rise 27 percent year-over-year to average $20.60 in 2020, which would mark the highest annual average since 2013.
Newman also noted silver is expected to remain strong and continue to outperform gold, though perhaps not as dramatically as it has been doing in 2020 as the uncertain economic outlook could affect prices going forward.
Still, the Silver Institute predicts a further 39 percent increase in price in 2021 to average around $28.60.
Along with the price increase, there has been a major improvement in the gold-to-silver ratio—representing the amount of silver it takes to purchase one ounce of gold—which Newman said reached an “unprecedented” peak of 127:1 in March.
It has since fallen again to 76:1 this month, he noted, around which he expects it to stay for a while.
But as price has risen, silver jewelry demand has gone down.
Global silver jewelry demand is expected to fall 23 percent in 2020 to 153.6 million ounces, according to the Silver Institute, underpinned largely by heavy losses in India resulting from widespread lockdowns hitting disposable incomes and leading to a weakened economy.
Global demand also weakened in the U.S., though Newman said the extent of the decline was more modest than for gold and added that a “sharp turnaround” is anticipated soon for the market suppliers.
Mine production for silver will also likely go down overall, with an expected decline of 6.3 percent in 2020 to hit 780.1 million ounces, according to Metals Focus Director of Mine Supply Adam Webb. This result comes, not surprisingly, after lockdowns implemented by major silver producers in the first half of the year required a temporary halt in production.
This goes against the firm’s prediction earlier in the year total production would be up in 2020.
Most mines have returned to full production rates, but the continued risk of outbreaks of COVID-19
could still impact output from individual operations in the future.
More on Sourcing
The Latest
AuctionsNov 05, 2025
Taylor Swift’s Engagement Ring Designer Makes Her Auction DebutKindred Lubeck of Artifex has three rings she designed with Anup Jogani in Sotheby’s upcoming Gem Drop sale.
FinancialsNov 05, 2025
Pandora Posts Modest Q3 Sales Growth Amid ‘Weak’ Consumer Sentiment The company focused on marketing in the third quarter and introduced two new charm collections, “Pandora Talisman” and “Pandora Minis.”
Brought to you by
Jewelers of America Aligns New Mission to Create Meaningful Impact for MembersFrom educational programs, advocacy, and recent MJSA affiliation, Jewelers of America drives progress that elevates businesses of all sizes.
FinancialsNov 05, 2025
Brilliant Earth’s Q3 Sales Climb 10%The jewelry retailer raised its full-year guidance, with CFO Jeff Kuo describing the company as “very well positioned” for the holidays.
Weekly QuizOct 30, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Policies & IssuesNov 04, 2025
Supreme Court to Hear Tariffs Case WednesdayAhead of the hearing, two industry organizations co-signed an amicus brief urging the court to declare Trump’s tariffs unlawful.
MajorsNov 04, 2025
Danny Clark to Become Stuller CEO, Succeeding Matt StullerStuller COO Belit Myers will take on the additional role of president, with all changes effective at the start of 2026.
ColumnistsNov 04, 2025
Peter Smith: What Do Birds Have to Do With the Price of Gold? Smith cautions retailers against expending too much energy on things they can’t control, like the rising price of gold.
TrendsNov 04, 2025
Amanda’s Style File: Fall Colors for November BirthdaysCitrine and topaz are birthstones fit for fall as the leaves change color and the holiday season approaches.
IndependentsNov 04, 2025
Weston Jewelers Heads to Fort LauderdaleThe family-owned jeweler will open its fourth store in Florida in late 2027.
CrimeNov 03, 2025
Men Dressed as Construction Workers Burglarize Jeweler’s Home The NYPD is looking for three men who stole a safe and jewelry valued at $3.2 million from the home of a jeweler in Jamaica Hills, Queens.
MajorsNov 03, 2025
Matthew Rosenheim Takes Over as JA Board ChairThe trade organization also announced its executive committee and five new directors.
CollectionsNov 03, 2025
Muse’s ‘Have a Heart’ Collab Returns, Now With DDGThe “Have a Heart x Diamonds Do Good” collection is championed by model and humanitarian Flaviana Matata and will benefit her foundation.
AuctionsNov 03, 2025
Kashmir Sapphire Ring Tops Christie's Online AuctionThe ring, set with a nearly 17-carat Kashmir cabochon sapphire, sold for $1 million.
TrendsOct 31, 2025
Piece of the Week: A Spinner Fit for ‘Frankenstein’This “Mother Father” spinner necklace from Heavenly Vices Fine Jewelry draws inspiration from Victorian Era jewelry.
CrimeOct 31, 2025
5 More Arrested in Louvre Heist, Jewelry Still Missing The suspects were rounded up in Paris and its suburbs on Wednesday night, but none of the stolen jewels were recovered with them.
Recorded WebinarsOct 31, 2025
Watch: How to Master Google Reviews for Your BusinessExperts share top tips on how to encourage positive reviews and handle negative feedback.
Supplier BulletinOct 30, 2025
Protect Your Customers and Your BusinessSponsored by the Gemological Institute of America
CrimeOct 30, 2025
29-Year-Old Man Charged in Multiple Seattle-Area Smash and Grabs The suspect faces charges in the August robbery of Menashe & Sons Jewelers and is accused of committing smash and grabs at two pawn shops.
Lab-GrownOct 30, 2025
Alison Lou’s New Collection Uses Lab-Grown Diamonds and ResinThe “Lumière Fine” collection was born from designer Alison Chemla’s interest in the transformative power of light.
TrendsOct 30, 2025
Amanda’s Style File: A Haunted HalloweenShow off your spooky side with these 12 festive jewels.
Events & AwardsOct 30, 2025
Jewelers Mutual to Host Jewelry Panel at Frazier History MuseumThe “Brilliant & Beyond” panel coincides with the “Love & Marriage” exhibition curated by Davis Jewelers in Louisville, Kentucky.
Events & AwardsOct 29, 2025
October Brings Little Change to Consumer Confidence Consumers are feeling more optimistic about their present situation while the short-term future remains a little scary.
Events & AwardsOct 29, 2025
Couture Partners With Time to WatchesThe company, which organizes a watch show in Geneva every spring, will bring a selection of watch brands to the 2026 Couture show in Vegas.
TrendsOct 29, 2025
Beth Bernstein Releases Vintage Jewelry Guide“The Modern Guide to Vintage Jewellery” follows the evolution of jewelry design from the ‘30s to the ‘80s with buying and styling advice.
EditorsOct 29, 2025
Why Creepy, Crawly Bugs Inspire Beautiful JewelryFor her annual Halloween story, Senior Editor Lenore Fedow explores the symbolism behind spiders, beetles, and other eerie insects.
