Scrap supply was significantly down by 13 percent at 146.1 Moz, the lowest volume level recorded since 1992 and the fourth consecutive year of decline. Behind the decline were fewer collectors active in the market and some holding back material awaiting higher prices. Government sales of silver were again essentially nonexistent.
Material and statistics in this section were adapted in part from the Silver Institute’s World Silver Survey 2016 publication. Totals may not add due to rounding.