- Published: Thursday, 11 May 2017 16:11
- Written by E&MJ News
Global silver mine production in 2016 recorded its first decline since 2002, largely the result of lower by-product output from the lead/zinc and gold sectors. With less silver scrap supply, which posted its lowest level since 1996, and a contraction in producer hedging, total silver supply decreased by 32.6 million oz in 2016. Moreover, new highs were recorded for silver’s use in the photovoltaic and ethylene oxide sectors, both growing and significant industrial applications for silver. These findings, and other key components of the silver market, are discussed in World Silver Survey 2017, released recently by the Silver Institute and produced on its behalf by the GFMS Team at Thomson Reuters.