Silver has various applications, including in investments as well as in different industries, meaning its demand stems from different sectors. The metal is considered to be versatile, with its demand being driven by its end uses that range from medicine to silverware. Technological and industrial uses for silver account for more than one-half of annual international demand, stimulated by its ductility, malleability and strength.
Last year, the global demand for the metal decreased by roughly 99 million ounces, with the largest decline in consumption being recorded in the silverware and jewelry segments…
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