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.
See for yourself how difficult and complicated the silver mining process is.
How much Silver have we Mined?
Just over 48 billion ounces of silver have gotten mined in history.
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.
The total annual silver supply currently reaches around 1 billion troy ounces per year.
One could argue that the real annual addition to the above-ground silver supply is only around 800 million ounces per year.
Silver mining operations yield about 80% of annual supply and silver scrap recycling yields about 20% of yearly silver supplies.
Respectively speaking, the nations of Mexico, Peru, and China produce the most significant silver mine outputs in the world today.
In total, these three major silver mining countries bring over half the world’s fresh annual silver mine supply to the market.
Ever since the onset of the 2008 Financial Crisis, individual investors have substantially increased their physical silver bullion purchases and investment allocations.
So in summation.
How does silver go from imploding stars to your silver bullion reserves?
How SILVER BULLION is Made
Star Supernovae produced Silver elements
Silver-laced Asteroids crossed the Universe
They formed and collided with Earth
Newly Mined Silver Ore (over 80% of annual silver supply) + Old to be Recycled Silver Scrap Supplies (less than 20% of yearly silver supply)