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Global Silver Market Size, Share & Trends Analysis Report, by Type (Fine Silver, Sterling Silver, Argentium Silver, Coin Silver, Other Types), by Application (Physical Investment, Jewelry & Silverware, Electrical & Electronics, Photographic Films, Brazing Alloys , Pharmaceuticals & Medical, Other Applications), By Region (North America, Europe, APAC, and Others), and Segment Forecasts, 2024 – 2032
  • Published Date: Dec, 2023
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  • Pages: 200
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  • Report Summary
  • Table of Contents
  • Segmentation
  • Methodology
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The silver market encompasses a broad spectrum of activities involving the buying, selling, and trading of silver, a precious metal renowned for its conductivity and versatile applications. Industrial demand remains a significant driver, with silver playing a vital role in electronics, solar panels, medical devices, and antimicrobial coatings. Additionally, silver serves as a valuable asset for investment and speculation, attracting investors seeking a store of value and a hedge against inflation. The market includes the trading of physical silver through coins and bars, as well as financial instruments like futures contracts and exchange-traded funds. Silver's aesthetic appeal and affordability contribute to its presence in the jewelry and silverware market, while the minting and trading of silver coins and bullion further diversify its applications. Global mining and production activities, influenced by geopolitical events and economic conditions, contribute to the overall supply-demand dynamics. The silver market operates on various exchanges, where prices are determined through the interplay of factors such as market speculation, industrial demand, and macroeconomic trends. In essence, the silver market is multifaceted, reflecting the metal's intrinsic value, industrial importance, and role as a tangible and tradable asset across diverse sectors.

Global Silver Market was valued at US $  5.8 trillion in 2023 and is expected to reach US $ 10.1 trillion by 2032 growing at a CAGR of 6.3% during the forecast period 2024 – 2032.

COVID -19 Impact

The COVID-19 pandemic has left a lasting impact on the silver market, presenting challenges and opportunities across its supply and demand dynamics. Disruptions in mining operations and global supply chains led to a temporary reduction in silver production and distribution, influencing market uncertainties. Industrial demand for silver experienced fluctuations during the pandemic's early stages, with lockdowns affecting sectors like electronics and healthcare. However, the silver market saw a resurgence driven by increased investor interest in precious metals as safe-haven assets amid economic uncertainties. The heightened demand for physical silver and silver-backed ETFs reflected a shift in investment preferences. Price volatility characterized the market, responding to changing economic conditions and investor sentiment. Meanwhile, evolving consumer preferences, with a focus on sustainability, influenced choices in favor of silver jewelry and decorative items. Government stimulus measures to counter economic challenges contributed to inflationary concerns, further boosting demand for precious metals. As global economies embarked on recovery, industrial demand for silver rebounded, signaling positive prospects for the silver market in a post-pandemic landscape.

Factors Driving the Market


Increased demand for silver jewelry and tableware

The market growth of silver is significantly propelled by the increased demand for silver jewelry and tableware, driven by evolving consumer preferences, economic factors, and cultural influences. Silver's timeless appeal and versatile aesthetic make it a sought-after choice in the luxury goods sector, contributing to the expansion of the silver market. One key driver of this growth is the surging demand for silver jewelry. Silver's affordability compared to other precious metals, coupled with its ability to seamlessly blend with a wide range of styles, caters to a diverse consumer base. As fashion trends evolve, silver jewelry remains a staple, offering a perfect balance between elegance and modernity. The rising disposable incomes and changing lifestyles of consumers worldwide have led to an increased willingness to invest in quality silver jewelry as a form of self-expression and a fashion statement.

Furthermore, the allure of silver extends to the realm of tableware. Silver tableware, characterized by its timeless elegance and lustrous appearance, continues to be a symbol of sophistication and luxury. The demand for silver flatware, cutlery, and decorative pieces is driven by a growing appreciation for fine dining experiences and an increased focus on enhancing the aesthetic appeal of homes. Silver's intrinsic qualities, including its antibacterial properties, add practical value to tableware, aligning with the contemporary emphasis on health and hygiene. The cultural significance of silver in various traditions and ceremonies further fuels its demand. Silver has enduring associations with celebrations, weddings, and rituals, contributing to its continued popularity in diverse global markets. As consumers seek products that combine tradition with modernity, the demand for silver jewelry and tableware remains robust.

Additionally, the rise of e-commerce platforms has facilitated greater accessibility to a wide array of silver products, allowing consumers to explore and purchase items with convenience. Online platforms serve as a crucial avenue for artisans and retailers to showcase their silver creations, expanding market reach and driving sales.


Alternative materials like copper and platinum

The market growth of silver is intricately influenced by the presence and adoption of alternative materials like copper and platinum. These alternatives, with their unique properties and applications, contribute to the dynamic landscape of material choices across industries. In sectors such as electrical conductivity, the availability of copper as a substitute may create competitive pressure, prompting industries to reassess material preferences based on cost and performance. Platinum, recognized for its catalytic properties, introduces considerations for specific chemical processes. The pricing dynamics of these alternative materials can impact the overall market for silver, as fluctuations may prompt shifts in material choices. Moreover, advancements in technology and material science continually introduce new possibilities, influencing the selection of materials based on evolving functional requirements. While competition exists, alternative materials may also complement silver in specific applications, showcasing collaborative opportunities. Ultimately, the market growth of silver is shaped by a complex interplay of factors, including competitive pressure, specific properties, pricing, consumer preferences, technological advancements, and potential complementarity with alternative materials.


Developing new technologies and applications in healthcare

The market growth of silver in healthcare is profoundly influenced by the continuous development of new technologies and applications that leverage its remarkable antimicrobial properties. Silver has established itself as a valuable asset in the healthcare sector, contributing to infection control, wound care, medical devices, diagnostics, and more. One of the key drivers of market expansion is the antimicrobial prowess of silver. Its ability to inhibit the growth of bacteria, viruses, and fungi positions it as a crucial element in preventing infections. This is particularly evident in advanced wound care, where silver-infused dressings and topical treatments play a pivotal role in managing chronic wounds, accelerating healing, and reducing the risk of infections.

The incorporation of silver into medical devices has transformed the landscape of infection control. Silver coatings on catheters, implants, and various medical instruments enhance their antimicrobial efficacy, minimizing the risk of healthcare-associated infections. These advancements contribute to the safety and effectiveness of medical procedures and interventions. In hospital settings, silver extends its influence to surfaces, textiles, and air purification systems. Innovative materials and coatings infused with silver contribute to comprehensive infection control strategies, creating a safer environment for patients and healthcare professionals alike. The versatility of silver in addressing multiple facets of infection prevention reinforces its importance in healthcare settings.

Silver's impact also extends to diagnostics and imaging technologies. Silver nanoparticles enhance contrast agents, improving the visibility and precision of diagnostic imaging. This not only facilitates more accurate diagnostics but also opens avenues for advanced medical interventions. In drug delivery systems, silver nanoparticles are being explored for their potential in targeted and localized drug delivery. This promises more effective treatments while minimizing side effects, showcasing the versatility of silver in therapeutic applications.

Ongoing research and development initiatives underscore the commitment to expanding the applications of silver in healthcare. This includes exploring novel materials, devices, and therapies, fostering continuous innovation. As these technologies evolve, the market for silver in healthcare is poised for sustained growth, offering solutions to critical healthcare challenges and contributing to improved patient outcomes. The inherent properties of silver, coupled with innovative applications, position it as a cornerstone in the advancement of healthcare technologies.

Market Segmentation

By Type

By Type, the global Silver Market is divided into Fine Silver, Sterling Silver, Argentium Silver, Coin Silver, Other Types.

 Sterling Silver holds the largest market share at around 37.1%, primarily due to its use in glass and ceramics polishing industries, catalysts. On the other side, Argentium Silver leads in growth potential with a projected CAGR of around 4.6%.

Sterling silver holds a leading position in the silver market due to its longstanding popularity, recognized quality, and traditional appeal. Sterling silver is an alloy composed of 92.5% pure silver and 7.5% of other metals, often copper. This alloy enhances the durability and strength of the silver while maintaining its distinctive luster. Sterling silver is widely utilized in various applications, including jewelry, silverware, and decorative items, making it a preferred choice for consumers who appreciate its classic and timeless characteristics.

On the other hand, Argentium silver is emerging as the fastest-growing type in the silver market, propelled by its unique and innovative composition. Argentium silver is also an alloy, primarily consisting of 93.5% pure silver, with the remaining percentage comprising germanium. The inclusion of germanium enhances Argentium silver's properties, making it more tarnish-resistant, brighter, and easier to maintain compared to traditional sterling silver. The innovative nature of Argentium silver appeals to consumers seeking a modern and low-maintenance alternative to traditional sterling silver.

By Application

By Application, the Silver Market is divided by Physical Investment, Jewelry & Silverware, Electrical & Electronics, Photographic Films, Brazing Alloys , Pharmaceuticals & Medical, Other Applications.

Physical Investment currently account for the largest share of the REE market, holding approximately 36.2% of the global market share. On the other side, Electrical & Electronics projected to witness the fastest growth with a CAGR of around 4.7%.

Physical investment is a cornerstone of the silver market, rooted in the metal's enduring role as a reliable store of value and a haven in times of economic uncertainty. Investors turn to physical silver, whether in the form of coins, bars, or other tangible assets, as a means of preserving wealth and diversifying portfolios. The intrinsic value of silver, coupled with its historical significance as a precious metal, positions physical investment as a leading and stable segment in the silver market. Concurrently, the electrical and electronic sector emerges as the fastest-growing application in the silver market, driven by a confluence of technological advancements and evolving global demands. Silver's exceptional conductivity, durability, and reflective properties make it an indispensable component in various electronic applications. The pervasive integration of silver in electronic devices, ranging from smartphones to electric vehicles, underscores its pivotal role in the contemporary electronics industry.

Technological progress is a key catalyst, propelling the demand for silver in advanced electronic components. Conductive inks, connectors, switches, and other essential parts of electronic devices benefit from silver's properties, ensuring optimal performance and longevity. As the world transitions to cleaner energy sources, the electrical and electronic sector's growth is further amplified by silver's role in solar panels and other renewable energy technologies. The rise of 5G technology is reshaping the electronics landscape, with silver playing a crucial role in components requiring superior conductivity. The miniaturization of devices, a prevailing trend in the electronics industry, aligns seamlessly with silver's ability to deliver high performance within confined spaces. Moreover, the increasing connectivity of devices in the Internet of Things (IoT) era fuels demand for silver in sensors, antennas, and other critical electronic components.

By Region

By region, the global Silver Market is divided into North America, Europe, APAC and Others. Others is further divided into Middle East, Africa and South America.

Asia-Pacific currently dominating the global REE market with around 52.66% market share. Also, Asia-Pacific also boasts the highest Compound Annual Growth Rate (CAGR) of around 5.9%.

The Asia-Pacific (APAC) region stands as a frontrunner and exhibits unparalleled growth in the silver market, driven by a convergence of factors. APAC's robust industrial sector, marked by technological prowess, has fueled significant demand for silver in electronic applications, solar panels, and high-tech industries. The region's burgeoning middle class contributes to a surge in consumer spending on silver-containing products, including jewelry and decorative items. APAC's commitment to renewable energy initiatives, urbanization, and infrastructure development further amplifies the demand for silver in construction and solar power applications. The cultural significance of silver, coupled with strategic government policies supporting the metal's diverse applications, underscores APAC's leadership in the global silver market. Additionally, the region's role as a major investment hub for silver as both an industrial and precious metal solidifies its position as the fastest-growing market, reflecting a dynamic landscape shaped by industrial, economic, and cultural dynamics

Competitive Landscape

The global Silver Market is consolidated with the presence of few major players contributing to the market revenue. This dominance of these major players is driven by their technological expertise, extensive resources, and established brand recognition. These companies typically offered comprehensive and diversified solutions to end-use industries.

  • Fresnillo PLC (UK)

Fresnillo PLC stands as a global leader in silver mining, holding the distinction of being the world's largest primary silver producer and a key contributor to Mexico's gold production. Established in 1961 and headquartered in Mexico City, Fresnillo leverages over six decades of expertise in exploring, mining, refining, and processing precious metals. Distinguished by a commitment to sustainability and ethical mining practices, Fresnillo oversees multiple mines across Mexico, notably the renowned Fresnillo mine, acknowledged as the world's largest high-grade silver deposit. The company's operations yield a varied portfolio of precious metal products, encompassing silver bullion, bars, coins, and doré bars—a blend of gold and silver—underscoring its prominence in the global precious metals industry.

  • BHP Billiton (Australia)

BHP Billiton, known as BHP, is a multinational mining and metals corporation headquartered in Melbourne, Australia. Established in 1885, the company brings over 130 years of expertise in the extraction, processing, and trading of a broad spectrum of natural resources. Recognized among the world's largest mining enterprises, BHP operates across more than 20 countries, including Australia, Chile, Brazil, the United States, and South Africa. Positioned as a global mining powerhouse, BHP Billiton excels in responsible resource extraction and pioneering practices. Its diverse portfolio, expansive global footprint, strategic investments, and dedication to sustainability underscore its role as a significant influencer shaping the future of the mining industry. With adaptability and innovation at its core, BHP is well-prepared to meet the evolving demands of the world for resources, ensuring its continued prominence as a leader in the mining sector.

  • Agnico Eagle Mines Ltd. (Canada)

Agnico Eagle Mines Ltd., a prominent Canadian gold mining corporation, distinguishes itself with exceptional proficiency in discovering and processing the precious metal. Established in 1996, the company has rapidly emerged as a worldwide leader in gold production, operating mines across diverse locations, including Canada, Finland, Mexico, and Australia. Unlike conventional gold miners, Agnico Eagle goes beyond the pursuit of the gleaming prize. What sets them apart is their steadfast dedication to responsible mining practices and sustainable development. In an industry frequently confronted with environmental and social challenges, Agnico Eagle's commitment positions them as a trailblazer, emphasizing a responsible and sustainable approach to gold mining.

  • Coeur Mining Inc. (USA)
  • Peñoles (Mexico)
  • First Majestic Silver Corp. (Canada)
  • Hecla Mining Company (USA)
  • Silvercorp Metals Inc. (Canada)
  • SSR Mining Inc. (Canada)
  • Pan American Silver Corp. (Canada)
  • Metalor Technologies International (Switzerland)
  • Mitsubishi Materials Corporation (Japan)
  • Umicore (Belgium)
  • Johnson Matthey Plc (UK)
  • Heraeus Holding GmbH (Germany)
  • Scotiabank (Canada)
  • JP Morgan Chase & Co. (USA)
  • HSBC Holdings plc (UK)
  • Wells Fargo & Company (USA)
  • Brinks Inc. (USA)

Recent Developments

  • Metalor Technologies International (Sept 2023): Teamed up with IBM to develop a blockchain-based platform for transparently tracking precious metal provenance, enhancing supply chain sustainability.
  • Pan American Silver Corp. (Dec 2023): Unveiled a high-grade silver-gold zone discovery at La Colorada mine, extending its potential lifespan and increasing production.
  • Hecla Mining Company (Nov 2023): Obtained permits for Lucky Friday mine expansion in Idaho, targeting a 50% silver production boost within two years.
  • Pandora A/S (Oct 2023): Launched an eco-friendly silver jewelry collection with lab-grown diamonds, appealing to environmentally conscious consumers.
  • Signet Jewelers Ltd. (Dec 2023): Outlined plans for online expansion and digital marketing to reach new customers and elevate silver jewelry sales.
  • Chow Tai Fook Jewellery Group Ltd. (Nov 2023): Reported robust mainland China sales growth, fueled by heightened demand for silver jewelry during the holiday season.

Silver Market Scope

Report Components Details
Base Year 2023
Forecast Period 2024 – 2032
Quantitative Units Revenue in US $
Drivers Rising investment demand, Increased demand for silver jewelry and tableware, Growing middle classes in Asia and other regions, Increase consumption of silver in jewelry, electronics, and other sectors, New applications in green technology, nanotechnology
Challenges Economic Fluctuations, Silver price fluctuations, Alternative materials like copper and platinum
Trends Implementing environmentally friendly mining and recycling methods, Developing new technologies and applications in healthcare, Raising awareness about silver's unique properties and versatile applications
Segments Covered by Type (Fine Silver, Sterling Silver, Argentium Silver, Coin Silver, Other Types), by Application (Physical Investment, Jewelry & Silverware, Electrical & Electronics, Photographic Films, Brazing Alloys , Pharmaceuticals & Medical, Other Applications)
Countries Covered U.S. and Canada in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the APAC, Others include Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA), Brazil, Argentina, Mexico, and Rest of South America as part of South America
Market Players Covered Fresnillo PLC (UK), BHP Billiton (Australia), Agnico Eagle Mines Ltd. (Canada) Coeur Mining Inc. (USA), Peñoles (Mexico), First Majestic Silver Corp. (Canada), Hecla Mining Company (USA), Silvercorp Metals Inc. (Canada) SSR Mining Inc. (Canada), Pan American Silver Corp. (Canada), Metalor Technologies International (Switzerland), Mitsubishi Materials Corporation (Japan), Umicore (Belgium), Johnson Matthey Plc (UK), Heraeus Holding GmbH (Germany), Scotiabank (Canada), JP Morgan Chase & Co. (USA) HSBC Holdings plc (UK), Wells Fargo & Company (USA), Brinks Inc. (USA)

Table of Contents


1.1 Overview of the Market

1.2 Scope of Report

1.3 Assumptions





3.1 Data Mining

3.2 Validation

3.3 Primary Interviews

3.4 List of Data Sources



4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.3 Porters Five Force Model

4.3.1. Bargaining Power of Suppliers

4.3.2. Threat of New Entrants

4.3.3. Threat of Substitutes

4.3.4. Competitive Rivalry

4.3.5. Bargaining Power among Buyers

4.4 Value Chain Analysis


5.1 Overview

5.2 Fine Silver

5.3 Sterling Silver

5.4 Argentium Silver

5.5 Coin Silver

5.6 Other Types


6.1 Overview

6.2 Physical Investment

6.3 Jewelry & Silverware

6.4 Electrical & Electronics

6.5 Photographic Films

6.6 Brazing Alloys

6.7 Pharmaceuticals & Medical

6.8 Other Applications


7.1 North America

7.1.1 U.S.

7.1.2 Canada

7.2 Europe

7.2.1 Germany

7.2.3 U.K.

7.2.4 France

7.2.5 Rest of Europe

7.3 Asia Pacific

7.3.1 China

7.3.2 Japan

7.3.3 India

7.3.4 South Korea

7.3.5 Singapore

7.3.6 Malaysia

7.3.7 Australia

7.3.8 Thailand

7.3.9 Indonesia

7.3.10 Philippines

7.3.11 Rest of Asia Pacific

7.4 Others

7.4.1 Saudi Arabia

7.4.2 U.A.E.

7.4.3 South Africa

7.4.4 Egypt

7.4.5 Israel

7.4.6 Rest of Middle East and Africa (MEA)

7.4.7 Brazil

7.4.8 Argentina

7.4.9 Mexico

7.4.10 Rest of South America


9.1 Fresnillo PLC (UK)

9.1.1. Company Overview

9.1.2. Key Executives

9.1.3. Operating Business Segments

9.1.4. Product Portfolio

9.1.5. Financial Performance (As per availability)

9.1.6 Key News


9.2 BHP Billiton (Australia)

9.2.1. Company Overview

9.2.2. Key Executives

9.2.3. Operating Business Segments

9.2.4. Product Portfolio

9.2.5. Financial Performance (As per availability)

9.2.6. Key News


9.3 Agnico Eagle Mines Ltd. (Canada)

9.3.1. Company Overview

9.3.2. Key Executives

9.3.3. Operating Business Segments

9.3.4. Product Portfolio

9.3.5. Financial Performance (As per availability)

9.3.6. Key News


9.4 Coeur Mining Inc. (USA)

9.4.1. Company Overview

9.4.2. Key Executives

9.4.3. Operating Business Segments

9.4.4. Product Portfolio

9.4.5. Financial Performance (As per availability)

9.4.6. Key News


9.5 Peñoles (Mexico)

9.5.1. Company Overview

9.5.2. Key Executives

9.5.3. Operating Business Segments

9.5.4. Product Portfolio

9.5.5. Financial Performance (As per availability)

9.5.6. Key News


9.6 First Majestic Silver Corp. (Canada)

9.6.1. Company Overview

9.6.2. Key Executives

9.6.3. Operating Business Segments

9.6.4. Product Portfolio

9.6.5. Financial Performance (As per availability)

9.6.6. Key News


9.7 Hecla Mining Company (USA)

9.7.1. Company Overview

9.7.2. Key Executives

9.7.3. Operating Business Segments

9.7.4. Product Portfolio

9.7.5. Financial Performance (As per availability)

9.7.6. Key News


9.8 Silvercorp Metals Inc. (Canada)

9.8.1. Company Overview

9.8.2. Key Executives

9.8.3. Operating Business Segments

9.8.4. Product Portfolio

9.8.5. Financial Performance (As per availability)

9.8.6. Key News


9.9 SSR Mining Inc. (Canada)

9.9.1. Company Overview

9.9.2. Key Executives

9.9.3. Operating Business Segments

9.9.4. Product Portfolio

9.9.5. Financial Performance (As per availability)

9.9.6. Key News


9.10 Pan American Silver Corp. (Canada)

9.10.1. Company Overview

9.10.2. Key Executives

9.10.3. Operating Business Segments

9.10.4. Product Portfolio

9.10.5. Financial Performance (As per availability)

9.10.6. Key News


9.11 Metalor Technologies International (Switzerland)

9.11.1. Company Overview

9.11.2. Key Executives

9.11.3. Operating Business Segments

9.11.4. Product Portfolio

9.11.5. Financial Performance (As per availability)

9.11.6. Key News


9.12 Mitsubishi Materials Corporation (Japan)

9.12.1. Company Overview

9.12.2. Key Executives

9.12.3. Operating Business Segments

9.12.4. Product Portfolio

9.12.5. Financial Performance (As per availability)

9.12.6. Key News


9.13 Umicore (Belgium)

9.13.1. Company Overview

9.13.2. Key Executives

9.13.3. Operating Business Segments

9.13.4. Product Portfolio

9.13.5. Financial Performance (As per availability)

9.13.6. Key News


9.14  Johnson Matthey Plc (UK)

9.14.1. Company Overview

9.14.2. Key Executives

9.14.3. Operating Business Segments

9.14.4. Product Portfolio

9.14.5. Financial Performance (As per availability)

9.14.6. Key News


9.15 Heraeus Holding GmbH (Germany)

9.15.1. Company Overview

9.15.2. Key Executives

9.15.3. Operating Business Segments

9.15.4. Product Portfolio

9.15.5. Financial Performance (As per availability)

9.15.6. Key News


9.16 Scotiabank (Canada)

9.16.1. Company Overview

9.16.2. Key Executives

9.16.3. Operating Business Segments

9.16.4. Product Portfolio

9.16.5. Financial Performance (As per availability)

9.16.6. Key News


9.17 JP Morgan Chase & Co. (USA)

9.17.1. Company Overview

9.17.2. Key Executives

9.17.3. Operating Business Segments

9.17.4. Product Portfolio

9.17.5. Financial Performance (As per availability)

9.17.6. Key News


9.18 HSBC Holdings plc (UK)

9.18.1. Company Overview

9.18.2. Key Executives

9.18.3. Operating Business Segments

9.18.4. Product Portfolio

9.18.5. Financial Performance (As per availability)

9.18.6. Key News


9.19 Wells Fargo & Company (USA)

9.19.1. Company Overview

9.19.2. Key Executives

9.19.3. Operating Business Segments

9.19.4. Product Portfolio

9.19.5. Financial Performance (As per availability)

9.19.6. Key News


9.20 Brinks Inc. (USA)

9.20.1. Company Overview

9.20.2. Key Executives

9.20.3. Operating Business Segments

9.20.4. Product Portfolio

9.20.5. Financial Performance (As per availability)

9.20.6. Key News

Global Silver Market Segmentation

Silver by Type: Market Size & Forecast 2023-2032

  • Fine Silver
  • Sterling Silver
  • Argentium Silver
  • Coin Silver
  • Other Types

Silver by Application: Market Size & Forecast 2023-2032

  • Physical Investment
  • Jewelry & Silverware
  • Electrical & Electronics
  • Photographic Films
  • Brazing Alloys
  • Pharmaceuticals & Medical
  • Other Applications

Silver by Geography: Market Size & Forecast 2023-2032

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

  • Fresnillo PLC (UK)
  • BHP Billiton (Australia)
  • Agnico Eagle Mines Ltd. (Canada)
  • Coeur Mining Inc. (USA)
  • Peñoles (Mexico)
  • First Majestic Silver Corp. (Canada)
  • Hecla Mining Company (USA)
  • Silvercorp Metals Inc. (Canada)
  • SSR Mining Inc. (Canada)
  • Pan American Silver Corp. (Canada)
  • Metalor Technologies International (Switzerland)
  • Mitsubishi Materials Corporation (Japan)
  • Umicore (Belgium)
  • Johnson Matthey Plc (UK)
  • Heraeus Holding GmbH (Germany)
  • Scotiabank (Canada)
  • JP Morgan Chase & Co. (USA)
  • HSBC Holdings plc (UK)
  • Wells Fargo & Company (USA)
  • Brinks Inc. (USA)

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