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| Report Features | Details |
| Product Name | Silver |
| Region/Countries Covered |
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| Currency | US$ (Data can also be provided in local currency) |
| Customization Scope | The report can be customized as per the requirements of the customer |
| 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 chemical element with an atomic number 47 and is present in the earth's crust. It is white, shiny, and lustrous in appearance. The atomic weight of silver is 107.868, and its melting point is 960.8 °C.
It is an alloy of gold and various other metals and minerals, including argentite and chlorargyrite. Silver can be derived or extracted using a chemical leaching process and smelting.
The United Kingdom, China, Mexico, the United States, and Germany are the leading silver-producing countries globally.
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, crude oil price, diesel price, etc. 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 extensively utilised in jewelry, tableware, and fine art. The major industrial uses of silver include brazing alloys, batteries, dentistry, glass coatings, LED chips, medicine, nuclear reactors, and photography.
Other than that, it is employed in photovoltaic (or solar) energy, RFID chips (for tracking parcels or shipments worldwide), semiconductors, touch screens, water purification, and wood preservatives.
It also finds its application in the creation of light-sensitive halide crystals, photography, graphic arts, and radiography (x-rays), and in medicine and industrial inspection of heavy machinery.
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 22, 2022: During U.S. trading, gold and silver witnessed a considerable hike in their prices. Rising worries about the geopolitical situation have caused little improvement in demand and, as of later this week, are keeping the speculative bears away. Despite this, the Federal Reserve, which is bullish, is still suppressing the metals market. In October, the price of gold increased by USD 2.80 to reach USD 1,668.60, and in December, the price of silver increased by USD 0.125 to reach USD 19.61.
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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 tracks 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: Jolie Alexa
Email: sales@procurementresource.com
Toll Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA
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