How much silver is mined and used each year and how much gold is mined and used each year?
According to the World Silver Survey, approximately 27,000 metric tons of silver are mined each year. As for gold, around 3,300 metric tons are mined annually. The amount of silver used each year varies, but it typically falls within a similar range as the amount that is mined. For gold, the majority is used for jewelry and investment purposes, with a smaller amount used in industries like electronics and dentistry.