Press release
Silver Market | Report Is a Complete Study Of Current Trends in The Market, Industry Growth Drivers, and Restraints
Silver Market
For centuries, silver is being used for jewelry, currency, and as a long-term investment option. It is one of the most invested precious metal commodity, and carries few similar properties as gold with lesser cost and can be a remarkable substitute metal for gold. Furthermore, advancement in techniques in ore separation and improvements in electrorefining techniques increase the production of refined silver.
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On the basis of application, the global silver market is segmented into metallurgical additives, pharmaceuticals & chemicals, fusible alloys, solders & ammo, and others. The geographical breakdown and analysis of each of the aforementioned segments are covered for China, Mexico, Canada, Bolivia, Russia, Vietnam, and others.
Market Dynamics
Drivers
Rise in utilization of sliver for industrial applications
Increase in use in medicine, owing to its ability to resist the growth of microbes
Inexpensive alternative for gold
Restraints
Volatility in economic growth
Need for more complex and expensive refineries
Market Players
The top players operating in the global silver market include Yunnan Copper Company, Xinda Silver Industry Co., Ltd., Jiangxi Copper, Shandong Zhaojin Group Co., Ltd., Shandong Humon, Xiangguang Copper, Yunnan Tin, Fresnillo Plc., KGHM Polska Mied S.A, Polymetal International Plc., Boliden, Baiyin Nonferrous Metals Corporation, Henan Yuguang, Zijin Mining, Henan Jinli, Yubei Yelian, Minshan Group, Hunan Yuteng, Daye Nonferrous Metals Group Holdings Co., Ltd., Hunan Jinwang, and others.
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KEY TAKEAWAYS
MARKET LANDSCAPE
By Application
Industrial Applications
Jewelry & Silverware
Coins & Bars
By Geography
U.S.
Market Share Analysis of Leading Players
Canada
Market Share Analysis of Leading Players
Mexico
Market Share Analysis of Leading Players
Bolivia
Market Share Analysis of Leading Players
Russia
Market Share Analysis of Leading Players
Poland
Market Share Analysis of Leading Players
China
Market Share Analysis of Leading Players
Australia
Market Share Analysis of Leading Players
Peru
Market Share Analysis of Leading Players
Chile
Market Share Analysis of Leading Players
Others
Market Share Analysis of Leading Players
About Us
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