The silver market - France

Silver is a chemical element (atomic number 47, atomic weight 107.87, symbol Ag ) that occurs in nature both in its native state and as a mineral. This lustrous white metal is an excellent conductor of electricity and heat, and is used in combination with other metals for : coinage, the manufacture of many items of laboratory equipment, electrical conductors and as a catalyst; many of its compounds have uses in photography and medicine... The global silver market was worth $193.3 billion in 2020, and is expected to reach a value of $362.1 billion in 2027, with a growth rate (CAGR) of 9% over the period. Silver accounted for over 84.0% of global precious metals market volume in 2019. For a long time, the silver market has been regarded as a safe-haven asset with little regard for the French, but destined for a brighter future in the near future. In February 2021, for example, silver prices soared to a level not seen since 2013, confirming their upward trend throughout 2020. This increase in value is due in part to the fact that industrial demand, which is unprecedented and likely to continue to explode in the coming years, is coming up against extraction that is becoming increasingly difficult and costly as the most accessible deposits have already been mined. Silver is therefore forecast to be one of the alternative investment solutions in 2021, which remains fairly reliable and has the advantage of being a non-taxable asset, unlike gold, which has already been subject to confiscation measures. This is mainly because silver is more difficult to mobilize, due to the lower value of silver coins, for example. European production accounts for just 3.5% of world production, which is concentrated in Mexico, Peru and China.