Global Silver Market Trends

Industrial applications account for more than half of the global silver demand, with silver being increasingly used for soldering electronics and fabricating solar panels because of its unmatched thermal and electrical conductivity, and high optical reflectivity.

Mining Technology observes silver price trends and analyses country-wise silver production and consumption data to keep track of the global silver market. We also closely watch the performance of silver mining companies and major silver mines across the globe.

Global silver production is rebounding steadily following a 5.9% slump in 2020 due to COVID-19, and is forecast to exceed 950 million ounces (Moz) in 2023, according to GlobalData’s estimates.