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What are the supply/demand fundamentals of silver?

April 26, 2017DEMAND Fundamentals Silver supply

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What are the supply/demand fundamentals of silver?

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These are merely rough estimates, or even just guesses: Annual Supply: 600 million ounces mined 250 million ounces recycled 50 million ounces sold by governments Total: 900 million ounces Annual Demand: 400 million ounces for industry and electronics 250 million ounces for jewelry 175 million ounces for photography 75 million ounces for investment demand But those are my estimates for what is “current” for 2008. Investment demand is tiny, yet potentially huge.