|A more or less typical advertisement for Colloidal silver.|
It is not my intent to advertise this product in any way. Furthermore, I am in no way representing that it has any medical benefits. However, people do buy this product from many places and my intent is to point out just that to you. This is one use for silver. It is literally used up in this way, as well as a few others.
Because silver is the best thermal and electrical conductor of all the metals. Therefore, it is ideal for electrical applications where it is used a lot.
Its high luster and reflectivity make it perfect for jewelry, silverware, and mirrors. Tons are used in this way.
Silver can be ground into powder, turned into paste, shaved into flakes, converted into salt, alloyed with other metals, flattened into printable sheets, drawn into wires, suspended as a colloid, or even employed as a catalyst. These qualities ensure that silver will continue to "shine" in the industrial arena, while its long history in coinage and jewelry will sustain its status as a symbol of wealth and prestige.
For more information go here: Where I copied much of this from!
Much of the world's silver is produced as a byproduct of other mining operations. Lead mining mostly. Mining silver in and of itself is not always cost effective and must lean on being a byproduct for that reason.
It is with this in mind that I tell you that silver has the potential to go ballistic in value. It is being used up by so many industrial operations, medical operations and other places like jewelry and silverware. Add the fact that it is pretty much too expensive to simply mine silver these days.
The cost to produce silver simply must go up in the near future. Add to this the "crash" factor and I believe you are on the right track.