- The total amount of Silver ever mined would fit inside a Football Stadium.
- There are two major sources of yearly Silver production, recycled scrap and new metal production: 25% of yearly Silver production comes from recycling. 50% is mined as a byproduct of lucrative metals such as Gold, Copper and Zinc. with only 25% of yearly Silver production coming from primary Silver mines. This is changing with today’s high Silver prices many new Silver deposits have become economical to mine as a primary metal.
- Political and Economic conditions in areas where you can mine primary Silver has a large effect how much it costs to mine and correspondingly how much of it gets produced. In 2011 both increased Mexican electricity rates and increased Labor costs in Peru drove up the cost of Silver production.
Many more fact about Silver Supply and Demand beginning at the 1:30 mark of the 5 minute video below:
Ed Note: There is another video at Endeavour Silver’s website HERE called “The Silver Market and Inflation”. I could not find part 11 of “Supply and Demand”.
