The global silver consumption accounted for 37,704 tons in 2016 and expected to reach 49,860 tons by 2022, growing at a CAGR of 4.6% from 2017 to 2022. Silver is white, soft, and glossy metallic element, which exhibits high thermal conductivity, electrical conductivity, and reflectivity. It is found in its pure & free elemental form in earths crust, with gold & other metals as an alloy, and in minerals such as chlorargyrite & argentite. It is produced as a byproduct during gold, copper, zinc, and lead refining.