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Mineweb reported that some analysts see the price of silver growing due to, among other things, an increase in demand for industrial usage.

Mineweb reported that some analysts see the price of silver growing due to, among other things, an increase in demand for industrial usage.

As quoted in the market report:

In part he bases this premise on what he sees as the hugely growing demand in the industrial usage of silver – notably in the electrical sector where silver is perhaps the best conductor of all – and with electrical power taking over the world, as Freidman sees it, demand growth for silver will expand dramatically along with global population and GDP growth. He adds in a huge global increase in solar panel manufacture and usage as another key new market for silver. There are, of course a host of other new uses too as we pointed out here in our recent article: New innovations boost silver demand.

To view the whole Mineweb report, click here.

MARKETS

Markets
TSX19855.62+277.32
TSXV671.69+7.86
DOW33317.11+542.70
S&P 5004204.90+82.43
NASD12819.30+325.38
ASX7029.80+9.20

COMMODITIES

Commodities
Gold1801.01+7.03
Silver20.80+0.29
Copper3.65+0.07
Palladium2252.50+39.50
Platinum944.61+9.61
Oil89.00-1.50
Heating Oil3.29-0.04
Natural Gas8.02+0.19

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