Today’s infographic illustrates the demand and uses for the world’s most versatile metal. Learn how much silver is used for industrial purposes, investment, jewelry, and what trends could shape the future.
So says an introduction to the following infographic* by visualcapitalist.com brought to you courtesy of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!). This paragraph must be included in any article re-posting to avoid copyright infringement. See Part 1 HERE and Part 2 HERE.
Related Articles/Infographics from the munKNEE Vault:
Silver has gone through many phases over the past 5,000 years making it the most dynamic of all precious metals as this infographic so clearly illustrates.
Silver has thousands of industrial uses and is considered a store of wealth by investors. The infographic below illustrates silver’s history as a currency in the past and as an essential component in industry and technology today.
Of the 1040.6 million troy oz of silver produced in 2011, 84% was used in over 10,000 modern industrial applications (16% used as an investment) of which approx. 33% was used in the traditional forms of fabrication such as jewelry, coins, medals, and silverware with the remaining 66% actually being consumed. While the actual amount is unknown, some experts believe as much as 90-95% of all the silver ever mined has been ‘lost’ to landfills. For this reason, there is likely less silver available above ground than gold (98% of all gold is accounted for today). For more interesting information regarding the supply of, and demand for, silver please refer to the infographic below.
Silver has had double digit gains in 7 of the last 10 years. In this infographic, we look at the investment properties of silver as well as its chief differences with gold. Highlights include a study on silver correlation, volatility, performance against the US Dollar and money supply, and portfolio diversification.
While gold remains a smart move, there’s much to be said for silver. Why? Because, unlike gold, silver has an inherent value that goes well beyond scarcity. Without silver the world as we know it would literally stop. The computer screen on which you are reading these words, has silver in it. The TV you watch, has silver in it…and the list goes on and on.