About 12% of gold supply goes to industrial uses. But due to silvers unique characteristics, a whopping 56% of its supply is used in industry. Silver has so many applications that believe it or not, you dont go one day without using a product that contains it. From electronics and medical applications, to batteries and solar panels, silver is everywhere, whether you see it or not. As Mike Maloney says in his book, Of all the elements, silver is the indispensable metal. It is the most electronically conductive, thermally conductive, and reflective. Modern life, as we know it, would not exist without silver.
So silver is like crude oil.