The Multiple Growing Streams of Demand for Silver Explained by Michael DiRienzo – Dig Deep – The Mining Podcast

In this episode, we chat with Michael DiRienzo, Executive Director…


In this episode, we chat with Michael DiRienzo, Executive Director of The Silver Institute. A non-profit international association that draws its membership from across the breadth of the silver industry. Established in 1971, the Institute serves as the industry’s voice in increasing public understanding of the many uses and values of silver.

Michael has been a long-standing member of the silver institute and talks about all things silver, trends, and the future of silver.




  • Silver is an indispensable metal, with many important uses.
  • The Silver Institute is involved in programmes that encourage more use of silver. As well as developing new products and markets.
  • The Silver Institute provides reliable reports about the silver market. Including free ones and specialist information about specific sectors e.g., solar and the automotive industries.
  • Silver production, supply, and demand all dipped because of the CoVid crisis.
  • The photovoltaic market bucked the trend, with demand growing by 2% despite CoVid.
  • Investment in silver also grew in 2020 and did so in double figures. For 2021, it should remain high.
  • Demand for mined silver is set to grow and production is expected to increase by about 8%.
  • The 2020 silver squeeze was triggered by social media. It helped to bring a fresh wave of new eyes to the silver investment market.
  • Demand from the automotive, electronics, solar, silverware, and jewellery sectors all look set to be strong in 2021.
  • The reopening of economies and accelerated vaccination in industrialized countries is a good thing for silver.
  • Silver has an important role to play in decarbonisation.
  • If something has an on/off switch, it almost certainly contains silver.
  • The automation of vehicles represents a big opportunity for silver.
  • The outlook for silver is extremely good across most areas, the institute´s free survey report explains why that is the case.



‘Silver is an indispensable metal. ´

‘it did create a whole new wave of fresh eyes on the silver investment market.’

‘We like to think of silver as one of the decarbonisation metals.’



Website –

Silver Institute Global Survey –

Silver Institute Twitter –






Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first world to third world countries from Africa, Europe, Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients’ organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.



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