DBP - Silver Demand In The Solar Sector Could Squeeze Silver Supply In The Future

2024-06-11 13:45:00 ET

Summary

• Silver use by the solar energy sector is one of the primary factors driving the overall demand for silver, and there is reason to believe photovoltaic silver off-take will continue to increase in the years ahead.
• By 2050, solar panel production will use approximately 85–98 percent of the current global silver reserves.
• While there is still a large silver stock available, market deficits will eventually deplete the reserve of available metal.

Silver use by the solar energy sector is one of the primary factors driving the overall demand for silver, and there is reason to believe photovoltaic silver off-take will continue to increase in the years ahead....

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