SMX (Security Matters) PLC described technology designed to give silver a persistent molecular identity and connect it to digital information about the material. The company said the system can link silver to records covering its composition, origin, provenance and chain of custody as it moves through processing, manufacturing, storage, recycling and resale.
#How the silver identification system works
SMX said its platform places an invisible, tamper-resistant marker into silver at the molecular level. The identifier is designed to remain associated with the metal as it is refined, melted, reshaped, transported, stored, recovered and recycled.
The marker can be connected to a secure digital record. According to SMX, that record can contain information about the silver’s origin, composition, movement, authenticity, provenance and chain of custody. The company’s approach is intended to keep the information connected to the physical material rather than relying only on separate certificates, serial numbers or transaction records.
#Potential uses across the supply chain
The technology could provide miners and refiners with documentation relating to provenance and responsible sourcing. Banks, traders and custodians could use the system to help identify physical holdings, while manufacturers could access information about the origin and composition of silver entering their supply chains.
SMX also said the system can support recovered silver. A documented identity could remain associated with material as it is processed and returned to the market through recycling. The company described this as a way to track silver from mining and refining through manufacturing, storage, recovery and resale.
#Silver demand and supply conditions
The announcement placed the technology within a market shaped by investment, industrial and consumer demand. Silver is used across electronics, solar technology, electric vehicles, data centers, artificial intelligence infrastructure and advanced manufacturing, while also serving jewelry, fashion, home and design markets.
The source said consumers ages 20 to 40 in the U.S. have become the biggest buyers of silver jewelry. It also noted that silver and other cool metallic finishes are increasingly influencing home and interior design.
Silver closed at $68.99 on August 21 after gaining nearly 7% for the week and more than 20% over the previous three weeks, according to the announcement. The global silver market is expected to record its sixth consecutive annual supply deficit in 2026, while the Silver Institute forecasts a deficit of approximately 67 million ounces.
#Digital Material Passport strategy
SMX said its Digital Material Passport strategy connects physical materials with records covering origin, composition, authenticity, chain of custody and lifecycle. For silver, the company described a possible record extending from mine to refinery, vault or manufacturer and through recovery, recycling and resale.
SMX (Security Matters) PLC, identified in the announcement as NASDAQ:SMX, develops molecular traceability and material authentication technologies for solids, liquids and gases. Its platform is designed to allow physical materials to carry an identity that can be detected and verified throughout their lifecycle.
#Key Takeaways
- SMX described an invisible molecular marker designed to remain associated with silver through processing, use, recycling and resale.
- The marker can be linked to a digital record containing information about composition, origin, provenance, authenticity and chain of custody.
- The technology is intended for potential use by miners, refiners, financial institutions, custodians and manufacturers.
- The announcement cited a silver closing price of $68.99 on August 21, along with gains of nearly 7% for the week and more than 20% over the previous three weeks.
- The Silver Institute forecasts a deficit of approximately 67 million ounces as the global market is expected to record its sixth consecutive annual supply deficit in 2026.
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