2018 Silver Market - A Cool Video from SDBullion

in #steemsilvergold6 years ago (edited)

The following is a great introductory 12 min video from SDBullion covering physical Silver’s origins and how it ends up in the device you are currently using to view this. There is also some great info on the mechanics of the Silver Market.

Including dwindling silver scrap recycling supplies (likely a major reason why now old US 90% silver coins are getting melted heavily), the silver industry uses about 1 billion oz of physical silver every year. That is basically the same amount of physical silver bullion supposedly sitting in all the transparent silver investment funds, ETFs, and fractional reserve exchanges like the COMEX (watch the video just after the 10 minute make for that chart).

Note too, this year’s solar panel manufacturing and physical silver PV demand is estimated to be about 140 million ounces in 2018 alone.

That is slightly more than JP Morgan has in its silver COMEX warehouse currently.

JP-Morgan-Silver-COMEX-warehouse-137-million-ounces-SD-Bullion-SDBullion.com-silver-investing-2018.png

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Thanks for sharing will check it out. I like SD bullion. Been a good company to work with

I’ve been doing business with them for years and they are top notch.

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