Silver History and Forecast Analysis Provided by Procurement Resource
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|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 and a transition metal, which is symbolised as Ag. It is white, shiny, and lustrous in appearance and is present in the earth’s crust. The atomic number of silver is 47.
It has high electrical and thermal conductivity as well as reflectivity. Silver is situated in Group 11 (Ib) and Period 5 of the periodic table, between gold and copper.
The boiling point and melting point of silver are 2,212 °C (4,014 °F) and 960.8 °C (1,861.4 °F) respectively. The electronic configuration of silver is [Kr]4d105s1 and its specific gravity is 10.5 (20 °C [68 °F]).
The United Kingdom, China, Mexico, the United States, and Germany are the top silver-producing countries.
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 forecast, 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:
The main applications of silver include the manufacturing of precious jewelry, coins, and silverware. It is also used in the production of photographs, solders, and brazing alloys.
Additionally, it is utilised in electronic equipment and dental fillings. It also finds its application in electronics and mining.
Photography is the leading end-user in the market of silver. Other than that, silver nitrate is used to create light-sensitive halide crystals. It is also employed in graphic arts, radiography (X-rays), and medicines.
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 prices rose. Rising worries about the geopolitical situation have caused little improvement in demand and, as of later this week, are keeping 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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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.
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