Scrap supply was down 13 percent at 168.8 Moz, the lowest volume level recorded since 1996 and the third consecutive year of decline. As a proportion of total silver supply, scrap remained just above 15 percent, down from 25 percent in 2011 and 2012. Government sales of silver were essentially nonexistent last year.
Material and statistics in this section were adapted in part from the Silver Institute’s World Silver Survey 2015 publication. Totals may not add due to rounding.