Global production and trade of silver is a fascinating topic all on its own.  As a result of its uses as a financial instrument, an industrial material, and a precious metal, it is an element of international interest.

Data gathered by the U.S. Geological Survey provides a glimpse into the global silver market.  Over the past century, global mining production has increased by a factor of two or more.  U.S. domestic mining has remained relatively stable, while consumption has been on a steady rise over the last half century.

Silver Statistics

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Over the past 50 to 60 years, U.S. apparent consumption has exceed the sum of U.S. production and imported silver. The data from the U.S. Geological Survey does not explain how this is possible, but presumably there is an error in the statistics or U.S. industry is gradually drawing from a large and unnamed domestic silver stockpile. For further detail on “apparent consumption” please visit Silver Consumption – U.S. Statistics.

Regardless of U.S. statistics, it is clear that the use and production of silver is on the rise at home and around the world.

 








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