World Produces Twice As Much Silver As We USE According to the Silver Institute:
The world produces about 1 BILLION ounces of silver per year.
We only USE about 500 million ounces.
The other 500 million ounces per year are stored (for future use) in one form or another including bars and coins
The world is FLOODED in thousands of tons of excess stored silver and the massive piles of stored silver are growing each year
http://www.silverinstitute.org/site/supply-demand/ Making matters worse for silver is the fact that we are getting better at recycling silver. So even the 50% of silver that is used, can be reclaimed.
