Silver Price History and Forecast Analysis Provided by Procurement Resource

Request for Real Time Silver Prices: https://www.procurementresource.com/resource-center/silver-price-trends/pricerequest

Silver is a precious chemical element which is extensively employed in the production of
coins, jewellery, and other objects. It is the most electrically and thermally efficient metal and is soft and shiny, making it a precious resource.

It is a naturally occurring metal in the Earth's crust that is mainly produced as a byproduct of the processing of other metals, including gold, copper, lead, and zinc.

Sterling silver is used for silverware and jewellery and contains 92.5 percent silver, and the remaining 7.5 percent is made up of copper and other metals. It drives up the price of silver overall since it is frequently used to make silver flatware and jewellery.

China, Russia, Poland, Chile, Bolivia, Australia, Argentina, and the United States are the leading producers of silver.

Key Details About the Silver Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the silver price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Silver price chart, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Silver Price Trend:

Membrane switches, electrically heated automobile windscreens, multilayer ceramic capacitors, conductive adhesives, silvered film, and thick-film pastes are the main applications for silver.

Silver is a crucial component in numerous sectors, from electrical switches and solar panels to catalysts that produce chemicals. Its special qualities make it nearly impossible to replace, and it has a wide range of uses.

Silver is present in almost all computers, cell phones, cars, and appliances. Because of its excellent electrical conductivity and durability, it is the ideal material for covering electrical contacts, such as those on printed circuit boards. Any non-metal surface can be made into an electrical conductor by painting it with silver ink, doing away with the necessity for wires.

Key Market Players:

• Umicore N.V
• American Elements
• MMC Norilsk Nickel PJSC
• Hindustan Zinc Limited
• Korea Zinc Co., Ltd.
• Yunnan Tin Group Company Limited (YTC)
• Polymetal International plc
• Pan American Silver Corporation

News and Events:

• September 7, 2022: Prior to the start of European trading, silver's price increased somewhat. Prices for silver increased by 0.20 % and were lucrative.
• September 7, 2022: India saw a surge in silver prices. The commodity's price increased by INR 680 per kg to INR 53,900.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Jorge Garcia
Email: [email protected]
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