Silver fabrication demand drops in 2002-CPM

Newswire

NEW YORK, April 29 (Reuters) - Silver fabrication demand fell 3.2 percent in 2002 to 784.8 million ounces, reflecting less use in jewelry, silverware and photography, according to a study published by CPM Group on Tuesday. In its Silver Survey 2003, the precious metals research firm projected silver demand in 2003 should rise 1.4 percent to 795.6 million ounces. CPM Group said mine output of silver was down 1.1 percent at 495.7 million ounces in 2002. CPM projected mine production at 504 ...

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