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Post by jeffolie on Apr 17, 2013 11:49:58 GMT -6
www.silverinstitute.org/site/supply-demand/Silver 55% industrial applications .... 486.5/876.6 Moz ===================================== Silver Demand www.silverinstitute.org/site/supply-demand/silver-demand/Total silver fabrication demand stood at 876.6 Moz in 2011, down 1.5 percent but still reaching its second highest level since 2000. Last year, silver’s use in industrial applications fell by 2.5 percent to 486.5 Moz. That said, industrial fabrication in the first three quarters of 2011 was particularly strong; however, the Eurozone crisis during the fourth quarter had a notable impact on industrial demand, resulting in the slight decline in the full year total. Even so, China posted a 5 percent gain in industrial fabrication led by robust household purchases, strong automobile demand and healthy infrastructure spending. Jewelry demand slipped to 159.8 Moz, the product of volatile prices and a weak global economic backdrop. Photography fell by 8 percent, posting the slowest percentage decline in six years, with the medical field deferring migration to digital systems due to a lack of funding. Finally, silverware demand fell to 46.0 Moz, due to the sluggish global economy and ongoing structural losses. www.silverinstitute.org/site/wp-content/uploads/2012/04/World-Silver-Demand-12.jpg
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Post by jeffolie on Apr 18, 2013 16:14:54 GMT -6
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Post by jeffolie on Apr 18, 2013 16:21:02 GMT -6
www.silverinstitute.org/site/supply-demand/www.silverinstitute.org/site/supply-demand/silver-supply/When the demand for copper, lead, gold declines then the production of silver as a by product also declines. --------------------------------------------- I disliked the "Supply side" wording. Yes, mine production but mining for what? No ... not mining for silver Yes ... more silver results as a byproduct of mining for copper, gold, lead The list provided where ... which countries not the primary use of the mining production for other than silver
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