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Supply & Demand
Silver Supply

Silver scrap supply fell to 139.7 Moz in 2016, a level not seen since 1996, despite higher silver prices.  The contraction was largely driven by lower Asian flows, due in part to lower industrial fabrication volumes.  Scrap supply from the industrialized world was also muted, as partial jumps in flows from the United Kingdom and Europe in general, offset falls in North America and Japan.


WSS17BullionStocks


WSS17WorldScrap


Material and statistics in this section were adapted in part from the Silver Institute’s World Silver Survey 2017 publication. Totals may not add due to rounding.

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