| Report Features | Details |
| Product Name | Silver |
| Synonyms | 7440-22-4, Argentum, Silver metal, Silver atom |
| Supplier Database | 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 |
| Region/Countries Covered |
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| Currency | US$ (Data can also be provided in local currency) |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Request for Real Time Silver Prices: https://www.procurementresource.com/resource-center/silver-price-trends/pricerequest
Silver is a precious chemical compound that is primarily used to make coins, jewellery, and other items. It is a soft, glossy metal with the highest electrical and thermal conductivity, making it a valuable resource. It is a naturally occurring metal in the Earth’s crust that is primarily created as a byproduct of the processing of other metals including gold, copper, lead, and zinc.
Silver constitutes 92.5% of sterling silver whereas copper and another metal makes up the remaining portion. It is utilised for silver dinnerware and jewelry. There are various uses for silver, which is 92.5% of sterling silver and the remaining 1.5% is made up of either copper or other metals. It is widely utilised to produce silver flatware and jewellery, driving up the price of silver overall.
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, copper price, crude oil 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 trend, 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:
Silver is principally utilised to make membrane switches, electrically heated car windscreens, multilayer ceramic capacitors, conductive adhesives, silvered film, and thick-film pastes.
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 07, 2022: The price of silver has risen a little bit before the European opening. With a 0.20% increase, silver prices were profitable.
- September 07, 2022: The silver prices in India increased. The price of the commodity increased by INR 680 per kg to trade at INR 53,900.
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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.
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