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Within the Earth’s crust, there is 1 gram of silver for every 12.5 tonnes of earth (27,600 lbs) which makes it very difficult to find. It is typically mined as a byproduct in polymetallic deposits with a variety of other metals including lead, zinc, gold, and copper yet was mined as the primary metal 29% of the time in 2013. This infographic illustrates which are the biggest silver mining countries and those companies that produce the most.
By VisualCapitalist.com from an infographic* as presented by silver.com under the title The Silver Series: “Who Controls the World’s Supply” Part 2 of 4 and sponsored by Endeavour Silver (edrsilver.com). See Part 1 here.
The total amount of silver mined in global history is enough to create a 52m cube. The amount of silver available to the market each year depends chiefly on mine production and scrap metal recycling. In 2013, silver scrap reached its lowest levels since 2001 to 5,966 tonnes, or under 20% of supply.
[The above infographic is presented by Lorimer Wilson, editor of www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample here) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. This paragraph must be included in any article re-posting to avoid copyright infringement.]
*Original Source: http://www.visualcapitalist.com/silver-series-who-controls-worlds-supply-part-2-4/ (Copyright © 2014 Visual Capitalist | All rights reserved.)
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