Industrial Silver Demand - Key Trends & Figures (Recent Years)
2016: ~491 Million ounces (Moz).
2022: 592.3 Moz.
2023: 657.1 Moz (an 11% jump).
2024: Record 680.5 Moz, driven by strong electronics and PV sectors.
2025 Forecast: *Expected to ease slightly.
*Samsung recently developed a silver-carbon composite that could dramatically improve battery safety and lifespan. About 1 kilogram (35.274 oz.) of silver per 100 kWh EV battery pack.
A typical desktop computer may contain 1 to 2 grams of silver.