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- (Ag) Silver Fundamentals
- Annual silver consumption is – 1.0B ounces
- 80% sourced from mining, 20% sourced from recycling and hedging.
- Over past 10 years, the silver industry has been in a 500M ounce physical deficit.
- Silver is one of the world’s most reflective and best conductors of electricity.
- 55% of silver consumption is from industrial applications – electronics, medicine, solar, water purification, window manufacturing, etc.
- Demand by sector: 55% industrial fabrication, 20% jewelry, 20% coins and bars, 5% silverware.
- Scrap recycling is at a 25 year low.
- Current silver to gold mine supply ratio: 8:1
- As we go green, We require more silver i.e.(Battery Packs, Battery Management System (BMS), High Voltage Electric Cable, Transmission + Electric Engine, Power Electronics, Solar Roof, etc)