Price & Value of Silver
Historically, silver has been used as a tangible commodity dating back as far as the ancient Egyptians and even the Sumerian Empire. Modern technological advances have increased the actual industrial demand for silver, yet the actual monetary value of silver has been in steady decline since the 1500's. Today, the demand for silver may be categorized: 30% for photography, 30% for Jewelry, and 40% for industrial uses. Silver, as well as other valueable commodities and currencies, are often traded through an online forex market. Silver pricing for investment is measured per troy ounce. This document is designed to briefly highlight the history of silver as a commodity.
Read the story of an ear infection
cured with colloidal silver and hydrogen peroxide. Two rounds of antibiotcs
failed to address the infection, but colloidal silver remedied the
Read the story of an ear infection cured with colloidal silver and hydrogen peroxide. Two rounds of antibiotcs failed to address the infection, but colloidal silver remedied the condition promptly:
Economic History: The Value of Silver
The Price of Silver: Six Centuries of History
Noteworthy Events in History: Silver
Jan 16th - 2001 - Silver Use in Biocidal Applications Expected to Impact Precious Metals Market
Silver Consumption for Biocide Applications ( excluding water treatment use )
A report published by the Silver Institute cites a 600% increase in the demand of silver for biocidal applications.
CPM Silver Yearbook 2007 Summary
The CPM Silver Yearbook report concluded that net silver investment demand was about 60 million ounces for 2006. This upward trend is expected to continue to rise in 2007.
The yearbook cited that investment demand, primarily motivated by a need for protection against inflation, is strong in India, the Middle East, and the West. Part of this interest is due to increased participation in the commodity market's recent boom.
Silver supply is expected to increase 3% this year, to 520 million ounces.
The central bank in India has completed its sell off of about 60 million ounces of silver ( sold over the last few years ).
Warren Buffet sold 130 million ounces prior to the Silver ETF's purchase of about 130 million ounces.
The Silver Yearbook's conclusion was that silver prices are likely to continue to rise.
times since August 2009
Page Last Modified: 08/23/17 06:17