iShares Silver Trust Message Board
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Industry Uses = 552.6 million ounces, Annual Silver Supply = 1040.6 Million Ounces
According to the Silver Institute.......
Total Annual Silver Supply 2011 = 1040.6 million ounces (over 1 billion ounces)
Total Industrial Demand = 486.5 million ounces + 66.1 million used for photography
So that means that about HALF of the yearly silver supply is USED, while the other HALF of the supply is simply stored in the form of bars and rounds and other forms of STORED SILVER.
The silver pumpers want you to count the STORED SILVER as "Demand", but that's stupid. Stores of ANYTHING is SUPPLY, NOT demand.
We're swamped with an OVERSUPPLY of silver
Each year, the massive OVERSUPPLY of stored silver grows larger and larger.
Meanwhile,real industrial demand peaked in 2010 and is now shrinking, especially as China's economy slows down.-
Hey - it is what it is... look at the roi over the last ten years. This is silver,
not natural gas here -
What you say doesn't apply to what I hear from a buddy of mine that works for Taiwan Semi. Silver is in extreme high demand and contrary to what you state, it's becoming increasingly difficult to find. That holds true in Taiwan and in the mainland where TSM has manufacturing facilities as well. I won't even go to why Ag is becoming the PM of choice for investors that want to preserve their wealth. Silver has historically been a store of wealth. It will remain that way.
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Drowning in excess silver
- 1 Reply to ext4r
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Only use half of what we produce, then we store the rest
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Produce twice as much as we use
- 2 Replies to ext4r
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If you buy something, that's considered demand. Stop twisting the facts. Oh yeah, you forgot to include silverware, jewelry, and your favorite, coin sales!
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oversupply of silver
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