Before we get to the production of physical silver bullion, we buy and sell here at SD Bullion.
You might be asking yourself firstly: How is silver made?
How is Silver Made? | How is Silver Formed?
According to recent scientific discovery, the origin of silver bullion begins with colliding twin neutron stars and or single star supernova events.
Exploding stars produce heavy, precious metals like silver ( you can watch an illustration here ). Silver and other precious metals ores eventually traversed across space on asteroids until ultimately colliding with the Earth infusing its crust with silver and different various precious metals.
Silver ore bodies tend to get found with zinc deposits, this is one reason why most silver ore is mined not by silver-only miners, but as a byproduct of zinc and base metal miner outputs.
About 70% of silver gets mined as a byproduct of other industrial and precious metal mining efforts. Only a tiny amount of silver bullion comes from ‘silver-only’ mining efforts.
Based on the fact that silver is found in the ground at a rate of about eight parts silver to 1 part gold, it is conservative in estimating we humans have mined approximately 1.5 million tonnes of silver throughout history. How much is a ton of silver worth?
In the following chart, you can see how the industrial revolution ramped the amount of silver we humans can mine exponentially.
All-time gold mining output is almost all entirely with us today (estimated at 187,200 tonnes), yet conversely, most of the near 50 billion silver ounces ever mined are not.
The vast majority of the silver we humans have mined is now in landfills or slim unrecoverable amounts in industrial applications, artwork, and jewelry.
Less than 20% of the world’s annual supply comes from silver scrap recycling. The vast majority of new line silver has to be dug from the Earth every year.
A bullion buyer years before the 2008 Global Financial Crisis, James Anderson is a grounded precious metals researcher, content creator, and physical investment grade bullion professional. He has authored several Gold & Silver Guides and has been featured on the History Channel, Zero Hedge, Gold-Eagle, Silver Seek, Value Walk and many more. You can pick up Jame's most recent, comprehensive 200+ Page book here at SD Bullion.
Given that repressed commodity values are now near 100-year low level valuations versus large US stocks, James remains convinced investors and savers should buy and maintain a prudent physical bullion position now, before more unfunded promises debase away in the coming decades.