Articulate Market Insights for Sharp Business Executives

The global silver consumption accounted for 37,704 tons in 2016 and expected to reach 49,860 tons by 2022, growing at a CAGR of 4.6% from 2017 to 2022. Silver is white, soft, and glossy metallic element, which exhibits high thermal conductivity, electrical conductivity, and reflectivity. It is found in its pure & free elemental form in earths crust, with gold & other metals as an alloy, and in minerals such as chlorargyrite & argentite. It is produced as a byproduct during gold, copper, zinc, and lead refining.

For centuries, silver is being used for jewelry, currency, and as a long-term investment option. It is one of the most invested precious metal commodity, and carries few similar properties as gold with lesser cost and can be a remarkable substitute metal for gold. Furthermore, advancement in techniques in ore separation and improvements in electrorefining techniques increase the production of refined silver.

On the basis of application, the global silver market is segmented into metallurgical additive... Read More >>