December 2, 2022

Demand For Silver Tops One Billion Ounces Per Year

Here’s a great infographic from the Visual Capitalist showing the supply and demand statistics for silver.  Interestingly, most of the silver produced each year is consumed in thousands of different industrial applications, leaving a relatively small amount available for investment in coins, bars and jewelry.  Unlike gold, the vast majority of silver produced over the years has been consumed, with much of it lost to landfills, leaving a relatively small above ground supply.

 

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