Industrial Demand for Silver on the Rise

The Silver Institute reported that at the recent 2013 Silver Industrial Conference, held in Washington, DC, the main topic of conversation was increasing industrial demand for silver and the metal’s many uses throughout the world.

As quoted in the press release:

Executives and experts from manufacturing, technical research, mining, refining, product and systems development, and the financial and investment sectors came together to examine the expanding requirements for silver. New and mature silver-based industrial products were discussed, focusing attention on the growing demand for silver, as industry — spurred on by new research — turns to increasingly advanced technological products and systems.

A panel discussion examined current issues affecting the silver industrial complex, including silver’s bright industrial potential in a growing global economy and those uses where silver’s unique properties outweigh all other factors.

‘Yet,’ as Mr. Ross Norman of Sharps Pixley reminded the attendees, ‘with all of its many uses, silver is very much a rare metal. Since the beginning of recorded history, only an estimated 1,464,700 tons of silver have been mined.’

Click here to read the full press release from The Silver Institute.