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.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1801.01 | +7.03 | |
Silver | 20.80 | +0.29 | |
Copper | 3.65 | +0.07 | |
Palladium | 2252.50 | +39.50 | |
Platinum | 944.61 | +9.61 | |
Oil | 89.00 | -1.50 | |
Heating Oil | 3.29 | -0.04 | |
Natural Gas | 8.02 | +0.19 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured {{ post.primary_section_name }} Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.