Monday , 4 November 2024

The Silver Series (Part 2): Supply & Demand (+2K Views)

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.

So says an introduction to Visual Capitalist’s (www.visualcapitalist.com) latest informative infographic* on Silver presented here by Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!). This paragraph must be included in any article re-posting to avoid copyright infringement.

 Silver infographic

To see Part 1 go here.

* http://www.visualcapitalist.com/portfolio/the-silver-series-supply-and-demand-part-2(For more information on silver, also view Endeavour Silver’s Education Hub)

Other Infographics on Gold & Silver:

1. Death, Deception & Betrayal: The Crazy Things Done in the Name of Gold & Silver

Gold is one of the rarest minerals on earth. To put that into perspective, more sheet metals is pored each hour than the entire amount of gold poured throughout history. That being said, the USCS estimates that silver in the earth’s crust will be depleted by 2020 at the current rate of consumption. For more interesting facts about gold and silver check out the infographic below and the links to many other such gems of information.

2.  Why Is There Such An Interest In Gold?

3. Part 1: An Infographic on the History of Gold and What Makes It So Great

4. Part 2: An Infographic on Gold Mining & Supply

5. Part 3: China’s Role in the Future of Gold

6. 2012 Ranking of Global Gold Mines & Deposits

7. Take a Look: This Interactive Infographic Shows Gold’s Ongoing Interaction With World Events

8. This Infographic on Gold Shows/Tells It All

The Gold Tree Infographic below visualizes above-ground stock, sources and uses of gold and pictures the different forms of gold investments – ranging from physical gold in the form of bullion gold to securities not backed by gold.

9. Vaulted Gold: What Is It and How Does It Compare With Other Gold Investments?

10. Where in the World Does All the Gold Come From? Look at This Infographic

Gold-producing countries are found on nearly all continents, and represent the gamut of economies from developed super-powers to small, emerging market countries. With gold’s spectacular rise in price and related demand, it’s worth your time to know a little bit about where all the gold comes from.

11. Part 1: The History of Silver As a Currency – and 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.