by Michelle Smith, Silver Investing News:
Following reports of strong sales during the holiday season, market participants continue to express optimism about the outlook for silver jewelry demand.
Holidays are extremely important for those in the jewelry business, and a January press release from The Silver Institute states that silver jewelry put up a strong performance this past holiday season.
In February, HSBC analyst James Steel announced that the firm had raised its 2013 and 2014 price forecasts for silver, in part due to an improved outlook for jewelry demand.
After several years of decline, jewelry demand appears to be stabilizing, Steel explained.
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