| Product Name | Silver |
| HS Code | 28431020 |
| Chemical Formula | Ag |
| Synonyms | 7440-22-4, Argentum, Silver metal, Silver atom |
| Region/Countries for which Data is available | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece, North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | Our services can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after service delivery |
Request for Real Time Silver Prices: https://www.procurementresource.com/resource-center/silver-price-trends/pricerequest
Silver is a precious chemical compound that mainly finds application in manufacturing coins, jewelry, and others. It is a shiny and soft metal with the highest electrical and thermal conductivity, making it a precious commodity. It is a naturally available metal in Earth’s layer, produced mainly as a resulting product of gold, copper, leads, and zinc refining.
Silver has many applications; sterling silver comprises 92.5% of silver, with the rest of the portion comprising either copper or other metals. It is extensively used in making silver tableware and jewelry furthering the silver prices worldwide.
Silver is also used in manufacturing mirrors due to its properties, such as being a reflector of visual light. It also finds application in making electrical contacts and batteries, dental alloys, and solder and brazing alloys. Silver paint is also utilized in manufacturing printed circuits.
Silver contains antibacterial properties, due to which its nanoparticles are added to clothing to control bacteria from consuming sweat leading to unpleasant odours.
The worldwide leading silver producing are China, Russia, Poland, Chile, Bolivia, Australia, Argentina, and the United States.
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, chart, pricing database, and analysis can prove valuable for the 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:
Industrial uses impacting silver price trend primarily include its application in electronics as it is primarily used in the production of membrane switches, electrically heated automobile windshields, multi-layer ceramic capacitors, conductive adhesives, silvered film, and the preparation of thick-film pastes.
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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- Silver prices have increased slightly ahead of the European open. Silver prices propelled 0.20%, making a profit.
- September 07, 2022- Silver prices rose during Wednesday’s early trade in India, with the commodity’s prices moving upwards by INR 680 per kg to trade at INR 53,900.
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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 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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