Within the Earth’s crust, there is 1 gram of silver for every 12.5 tonnes of earth (27,600 lbs) which makes it very difficult to find. It is typically mined as a byproduct in polymetallic deposits with a variety of other metals including lead, zinc, gold, and copper yet was mined as the primary metal 29% of the time in 2013. This infographic illustrates which are the biggest silver mining countries and those companies that produce the most.
By VisualCapitalist.com from an infographic* as presented by silver.com under the title The Silver Series: “Who Controls the World’s Supply” Part 2 of 4 and sponsored by Endeavour Silver (edrsilver.com). See Part 1 here.
The total amount of silver mined in global history is enough to create a 52m cube. The amount of silver available to the market each year depends chiefly on mine production and scrap metal recycling. In 2013, silver scrap reached its lowest levels since 2001 to 5,966 tonnes, or under 20% of supply.
[The above infographic is presented by Lorimer Wilson, editor of www.munKNEE.com and www.FinancialArticleSummariesToday.com and the FREE Market Intelligence Report newsletter (sample here – register here) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. This paragraph must be included in any article re-posting to avoid copyright infringement.]
*Original Source: http://www.visualcapitalist.com/silver-series-who-controls-worlds-supply-part-2-4/ (Copyright © 2014 Visual Capitalist | All rights reserved.)
Not into Facebook or Twitter? No problem. Subscribe (sample here) to our FREE “Market Intelligence Report” newsletter for access to every new article posted in the last day or two. It has an easy “unsubscribe” feature should you wish to do so at any time for any reason.
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. Read More »
Silver has a reputation for being gold’s less desirable sister, but make no mistake, silver may still be a golden opportunity to invest in. Silver’s use is already very prevalent in the photography, consumer electronics, medical, and high tech industries and a major consumer of silver in the future will be the green technology sector in products such as solar cells and batteries. Read More »
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.
Countries hold gold as a precaution to safeguard themselves against inflation, loans, debt and economic disasters and in the summer of 2014 just under 32,000 tonnes were held globally. The interactive infographic below identifies which countries held the most. Read More »
It is impossible to understand and appreciate the tremendous appeal of gold and silver without understanding the precise and comprehensive definition of the word “money”. This article does just that. Read More »
While it is never too late to buy gold one look at the current gold:silver ratio clearly suggests that silver and/or the stocks and warrants of quality gold and silver miners and royalty companies are a MUCH better buy at their current prices than buying gold. Read More »
We are at the beginning of a major shift out of paper assets into real assets and the more I studied the merits of owning gold and silver the more I realized that silver was the smart decision. Let me explain. Read More »
The price of silver is going to go much, much higher – much higher – over the next decade relative to gold. Below are 5 solid reasons why I believe that is the case. Read More »
Over the years only 14 pundits have been bold enough to provide a specific date as to when their forecast for the future price of silver would be realized. This article provides that information along with the criteria & rationale for their determinations. Read More »
Given the fact that a) the historical movement of silver is 90 – 98% correlated with gold, b) silver is currently greatly undervalued relative to its average long-term historical relationship with gold and c) many analysts predict a parabolic rise in the price of gold over the next 5 years it is realistic to expect that silver will also escalate dramatically in price – but by how much? This article applies the historical silver to gold ratios to come up with a range of prices based on specific price levels for gold being reached. Read More »
You have no doubt read countless articles on the price of gold costing x dollars per “troy ounce” or perhaps just x dollars per “ounce” but the difference between the two measurements is significant. For that matter, what’s the difference between a 24 karat gold ring and an 18 karat gold ring? Let me explain. Words: 963 Read More »
There is so much hype and cheer-leading out there amongst supposed gold & silver analysts that you probably wonder just who is worth your time to follow, if anyone. Having read and analyzed hundreds and hundreds of articles on the subject I have concluded that there is ONLY one such person. Read More »