Silver Facts

S

Silva-Sheep

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Not that the producers of the flyer have any vested interest in promoting silver investment ......

From another thread, I thought it very interesting that, with such a diverse need for silver, that the industrial consumption wasn't increasing year after year.
 
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im sure the pharmaceutical industry will shut this down quick and never let it actually take off.
u put a tiny bit silver in all our drinking water and we all would be a lot healthier. they need to keep us dying to make profits.
 
The Crow said:
From another thread, I thought it very interesting that, with such a diverse need for silver, that the industrial consumption wasn't increasing year after year.
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According to the poster it is. Plus where did you get the figures about the yearly industrial consumption of silver, I would like to see them.
 
https://www.silverinstitute.org/site/supply-demand/

Someone posted this link in another thread, I've lost track of where. "Industrial fabrication" should be going up, not holding steady or perhaps even going down. Perhaps the new uses are simply replacing old uses that pass away, or conceivably, efficiency in use improvements. I am told that the usage of gold in computers used to be much heavier, but technology improvements allowed them to apply vastly thinner coatings. Up to someone more knowledgeable to comment on that.
 
The Crow said:
Not that the producers of the flyer have any vested interest in promoting silver investment ......

From another thread, I thought it very interesting that, with such a diverse need for silver, that the industrial consumption wasn't increasing year after year.
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Industrial Fabrication [DEMAND]
2004 -608.9
2005 -637.1
2006 -645.2
2007 -656.7
2008 -651.3
2009 -540.2
2010 -643.2
2011 -624.8
2012 -589.1 (sum of components is 586.1?)
2013 -586.6

Take into account: the new class now includes the previously separate Photography, which is a dying application due to the digitalisation.
This means that the original industrial usage increase was compensated for / undone by the dropping Photography.

The older data was:

[OUTDATED] Industrial Applications [DEMAND]
1997 -319.5
1998 -313.2
1999 -336.1
2000 -374.2
2001 -335.6
2002 -340.1
2003 -368.4
2004 -389.7
2005 -430.3
2006 -453.0
2007 -486.2
2008 -490.9
2009 -403.6
2010 -500.7
2011 -487.8
2012 -465.9

Component Industrial Fabrication
Photography [DEMAND]
1997 -217.4
1998 -225.4
1999 -227.9
2000 -218.3
2001 -213.1
2002 -204.3
2003 -192.9
2004 -178.8
2005 -160.3
2006 -142.2
2007 -117.6 > -117.0
2008 -101.3 > -100.2
2009 -79.3 > -78.4
2010 -72.1 > -68.8
2011 -66.1 > -61.7
2012 -57.8 > -54.4
2013 -50.4

But, both matter. And the others too. The focus thus shouldn't be industrial, but the whole.
Being the total consumed / lost every year.
Or, it's alter-ego: the total stockpiled / destockpiled every year.

A possible measurement of that could be this:
stockpiling = (-Net Government Sales) + (-Implied Net Disinvestment) + Jewelry + Coins & Medals - Old Silver Scrap
That delivers this:
Over the period 1997-2003, 587 Moz silver was sold from existing stockpiles. The price went from $5.945 to $4.86.
Over the period 2004-2012, 648 Moz silver was re-added to existing stockpiles. The price went from $6.67 to $31.15
I should recalculate this including the 2013 figures, but I first need to find the older SI data in the new figures, as to have same classes to compare.

One thing is already made clear here though: industrial/photography usage, had little impact on the price trend.
If it had, we should have seen it ex doubling with a doubling price.
The current price is 4 times the one of 1997-2003.
Industrial+photography barely changed.
Something that some dealer promo movies and essays persistently like to ignore. :D
 
Silver Fact #21

One of the less popular silver facts. It was $49 USD per oz in 2011. It's now $20.86.
 
willrocks said:
Silver Fact #21

One of the less popular silver facts. It was $49 USD per oz in 2011. It's now $20.86.
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But Silver Fact #22, the least popular fact of all :D , is that 2011's average price, which unlike a peak, reflects the amount silver bought then, was "just" $35.
Back in 1980, the difference was even bigger, the average was less than half of 2011's, $16 (1979 was $21).
And let's look at the market itself, last decade the price increased due to stockpiling, NOT due to consumption.
The more years/amount that is stockpiled, the less production, and thus general price increasings, matter.
Over 1997-2003, when price dropped from $6 to under $5, 586 Moz silver was sold from stockpiles.
Over 2004-2012, when price rose from $6 to $31, 648 Moz silver was re-added to stockpiles, with IShares Silver Trust half of it.
Unless that 648 Moz gets lost in boating accidents, or unless IShares' silver stockpile is a scam, it will appear for sale, and suppress the price trend.
And this is nothing special, look at the disney animals that collect fruit in autumn and sell in winter. In autumn, this pushes price up, in winter, this pushes price down. The same applies to the disney animals that collect silver.
 
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