Today silver is invaluable to solder and brazing alloys, batteries, dentistry, glass coatings, LED chips, medicine, nuclear reactors, photography, photovoltaic (or solar) energy, RFID chips (for tracking parcels or shipments worldwide), semiconductors, touch screens, water purification, wood preservatives and many other industrial uses. The biggest consumers of silver for industrial applications this past decade have been the US, Canada, China, India, Japan, South Korea, Germany and Russia. Over that time silver demand from older industries has faded, only to be replaced by new technological uses.
Silver has many industrial uses accounting for more than half of annual demand worldwide over the last five years because of silver’s physical strength, brilliance, malleability and ductility people have also used silver in jewelry, tableware and fine art for thousands of years. Industrial applications use silver’s conductivity as well as its sensitivity to light and anti-bacterial qualities.