In: Economics
I want a report About SILVER using the following criteria: Relevance of Topic, Price fluctuation of the selected metal or value added product, Mineralogy of feed, Global/ local occurrence of feed (resource), Flowsheet, Process description, Product quality/purity/applications
Solution:
Silver is a metal with many special importance such as:
The price of silver fluctuates every year. Here is an annual data of silver prices:
Year | Average closing price | Year open | Year High | Year low | Year close |
2019 | $15.47 | $15.65 | $17.28 | $14.32 | $17.04 |
2018 | $15.71 | $17.21 | $17.62 | $13.98 | $15.52 |
2017 | $17.07 | $16.41 | $18.51 | $15.43 | $17.13 |
2016 | $17.17 | $13.84 | $20.70 | $13.75 | $15.99 |
2015 | $15.66 | $15.71 | $18.23 | $13.70 | $13.80 |
Silver usually occurs in association with other metal ores, especially those of lead. Peru and Mexico have been mining silver since 1546 and are still major world producers. Other countries where silver comes from are USA, Canada, and Bolivia.
Silver is extracted from the ore - argentite (Ag2S). The extraction process of silver is called as cyanide process as sodium cyanide solution is used. The ore is crushed, concentrated and then treated with sodium cyanide solution. This reaction forms sodium argento cyanide.
The solution of sodium argento cyanide combines with zinc dust and forms sodium tetra cyanozicate and precipitated silver. This precipitated silver is called spongy silver. This spongy silver is fused with potassium nitrate to obtain pure silver. The silver obtained then is purified by electrolytic process.