Global silver demand in 2016, by purpose (in million ounces)

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Demand in million ounces
Coins & bars206.8
Industrial - electrical & electronics 233.6
Industrial - brazing alloys & solders55.4
Industrial - photography45.2
Industrial - photovoltaic76.6
Industrial - ethylene oxide10.2
Other industrial141

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This statistic depicts global silver demand in 2016, broken down by purpose. In that year, the jewelry industry used some 207 million ounces of silver. That was more than one fifth of the total global silver demand. Silver is a precious metal that has the highest reflectivity as well as electrical and thermal conductivity of any metal.
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Release date
August 2017
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