Wednesday, August 7, 2019

Global Silver Consumption


Silver supply in 2018 was 1.0043 trillion ounces. Demand in 2018 was 1.0335 trillion ounces.

Industrial Use was 578.6 billion ounces
Jewelry was 212.5 billion ounces
Coins and Bars was 181.2 billion ounces
Silverware 61.1 billion ounces


Silver demand for industrial uses is high.  Silver is used in electronics and solar panels.

Silver consuming countries in 2016 included:
India
US
UK
Canada
Germany
Japan
China
Taiwan
Thailand
Hong Kong


Norb Leahy, Dunwoody GA Tea Party Leader


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