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Silver Market to Witness Explosive Demand

Discussion in 'Purchasing Precious Metals' started by southfork, Oct 15, 2017.



  1. southfork

    southfork Mother Lode Found Mother Lode

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    [​IMG]

    Silver Market to Witness Explosive Demand
    Silver is an element which possesses highest electrical and thermal conductivity as compared to other metals. Silver is harder than other metals such as gold. It is obtained from ores and native form. Lead, copper, copper-nickel and lead-zinc are the principal ores from which silver is extracted. It is also very malleable and ductile. It is considered as one of the precious metals and is used to make ornaments, silver coins, jewelry and utensils among others. Silver is used in various industrial applications such as electroplating and as a catalyst in some of the chemical reactions. Silver compounds such as silver nitrates are used in various applications such as biocides and disinfectants. Some of its compounds such as silver iodide, silver chloride, silver nitrates are also used in paints and coatings especially for anti-microbial coatings.

    The growing consumption for silver is mainly driven by huge demand from the industrial applications market. The industrial application involves auto catalysts, super capacitors and water purification among others. Jewelry is anticipated to be the second largest application for the silver market. Silver is majorly used in ornaments, coins and tableware. Silver finds application in dentistry where it is used as filler. It is also used in the development of photos. Silver is also used in electronics, optics & mirrors and medical applications among others. It is also used in high capacity batteries, cell phones and thick film PV in smaller amounts.

    Investments have been one of the major opportunities for the growth of the silver market over the past few years and the trend is expected to continue into the forecast period. Silver iodide is used for producing artificial rain. Silver nitrates are used in photography and silver plating and intermediate in silver based chemicals. Silver is also used in mirror and coatings. Silver coated mirrors have been one of the oldest applications in the market. In spite of so many applications, fluctuating prices can act as a major restraint for the silver market in upcoming years. Additionally, silver get easily tarnished when in contact with hydrogen sulphide, ozone or air with sulphur content.

    In terms of demand, North America was the leading region in silver market. Growing demand for silver from industrial applications has been the major driver for the growth in the market. The U.S. and Mexico are the major consumers of silver in North America region. The major application for silver market in the U.S. is for photography followed by industrial applications. North America was followed by Asia Pacific where the demand for silver is anticipated to grow in the upcoming years. The demand is huge owing to huge silver fabrication market in India and China. Additionally, due to increasing number of high-net-worth individuals (HNIWs) in this region there is more investment in silver. There is huge investment in silver from countries such as China, Japan, India, Malaysia and South Korea among others.

    Europe is expected to be lucrative market for silver in near future. The demand is likely to grow from industrial applications such as photography, high capacity batteries and chemicals intermediate among others. The demand for silver is huge from European countries such as Germany, the UK, France, Italy, Spain and Russia among others. The Rest of the World market is expected to show greater potential for silver market in upcoming years. Latin America and Africa is anticipated to be the major markets for silver in near future. – Yogesh



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  2. JayDubya

    JayDubya Platinum Bling Platinum Bling

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    andial likes this.

    No kidding?
     
  3. andial

    andial Sir Midas Member Site Supporter ++

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    Everything is going to need to be made with silver in the future Duby you just wait and see!
     
  4. smooth

    smooth Gold Member Gold Chaser

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    Once cell phones go mainstream, silver will go parabolic
     
  5. andial

    andial Sir Midas Member Site Supporter ++

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    Right, plus solar power and complex circuit boards in your tv need silver too.
     
  6. andial

    andial Sir Midas Member Site Supporter ++

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    IMG_0773.JPG I bet nobody has the slightest idea how much silver is in their hi fi radios they carry around smooth, no silver and forget about listening to your favorite top 40 hits playing on todays modern radios.
     
  7. ErrosionOfAccord

    ErrosionOfAccord #1 Global Warmer Gold Chaser Site Supporter ++

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    Is this article from 2003?
     
  8. D-FENZ

    D-FENZ Gold Member Gold Chaser Site Supporter ++

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    Or 1999... I had to hit the back button when I saw the claim that photography was the major use for silver in the US... Then forward again to double check the article's date and marvel at its quaint lunacy.

    Bulletin Yogi: It's all bits and bytes these days. Humor us. Write us a blurb on Bitcoin.
     
  9. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    Future demand will skyrocket for silver bullets [werewolf killing], cruise missiles against North Korea, etc.
     
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  10. Mr Paradise

    Mr Paradise Midas Member Midas Member

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    When they can't think of another animal, bird or insect to put on a round ......silver will skyrocket.
     
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  11. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    I BELIEVE!!!!!
     
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  12. anywoundedduck

    anywoundedduck Gold Member Gold Chaser

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    Old article, but same old story.
    Pretty depressing, really.
    Just call me a depressed stacker.
     
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  13. arminius

    arminius Gold Member Gold Chaser Site Supporter ++

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    Huh? When you're stacking you're elevating, not depressing. :ponder:
     
  14. anywoundedduck

    anywoundedduck Gold Member Gold Chaser

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    No, my stack has exceeded my ability to stack upward. From my depressed state, I am forced to create new stacks.
    Quite depressing.
     
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  15. Cigarlover

    Cigarlover Gold Member Gold Chaser

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    Watching fox on you tube last couple weeks I noticed lots of commercials selling metals. Even with that I think demand is still lower than last couple years. I'd love to buy some eagles but at 3 bucks plus over spot it doesn't make much sense.
    What we need is an old fashioned banking crisis similar to 07/08. That should get things moving.
     
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  16. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    ....................... aawhistle.gif
     
  17. southfork

    southfork Mother Lode Found Mother Lode

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  18. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    I have a feeling that we'll never again have an "old fashioned banking crisis". It's going to be different this time. Just as Southfork stated above... ;)
     
  19. edsl48

    edsl48 Silver Member Silver Miner

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    From what I read demand is down for a lot of non essential items with attributes (speculation) given to the increasing costs of health care...
     
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