Supply & Demand

The following table shows the average silver supply and demand (use) averaged for the last 9 years according to the Silver Institute 2020 Supply & Demand report.

Silver Institute 2020 Averages 2011 -2019 Moz.
Mine Production 845
Net Government Sales 2
Recycling 184
Total Supply 1030
Demand
Jewelry 188
Photovoltaics 74
Photography 43
Silverware 52
Other Industrial 410
Total Demand 767
Surplus 263

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