Green technology demand for silver to increase 54% over next ten years
Repost from 5-21-2021
“Silver demand for printed and flexible electronics is forecast to increase 54 percent, from 48 million ounces (Moz) in 2021 to 74 Moz in 2030, consuming 615 million ounces for these applications during the 10-year timeframe, as this market continues to mature and expand. Printed and flexible electronics are vital to the evolution of electronic technologies as they are mainstays in a wide range of products, including sensors for temperature, pressure, motion, lighting, moisture/relative humidity, radar, heart rate, and carbon monoxide.”
USAGOLD note: Silver enjoys a twofold benefit not present in other precious metals, even gold – significant demand in green technologies along with a growing reputation as a long-term store of value.