Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

“Green Economy” Expected to Boost Silver Demand and Other Silver News

  by    0   0

Silver is expected to play a significant role as the “green economy” evolves. The Silver Institute recently participated in a panel discussion titled “Silver’s Role in the Green Economy” at the London Bullion Market Association’s Global Precious Metals Conference in Barcelona, Spain.

This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.

Silver Institute Chairman Phillips Baker emphasized that silver is a vital component in solar panel production and demand is expected to increase significantly in the coming years. While there are efforts to replace silver with less expensive substitutes, Silver Institute technical director Trevor Keel said that silver remains the critical ingredient in making solar panels functional, and it will remain so for quite some time.

The panel also discussed the growth of the electric vehicle (EV) market, noting US demand in the first quarter of this year increased by 56% over the same period in 2022. Dr. Keel added that as the complexity of EVs continues to evolve, more silver will be required for their functionality.

Whether you believe the climate change narrative or not, the green energy revolution is here to stay and it will likely have significant impacts on the silver market moving forward.

The latest edition of Silver News also highlights some other fascinating technological advances utilizing silver. Here are some highlights.

  • A team of University of Houston researchers have developed a prototype of a fully stretchable, silver fabric-based lithium battery. This flexible battery can twist and contort along with the fabric itself.
  • Scientists at the Korea Institute of Industrial Technology say that a new method involving zapping silver nanowires with microwaves yields a low resistance, distortion-free product that will increase the usage of silver nanowires in many medical and sports wearable devices. The researchers said, “This innovative process effectively reduces the sheet resistance of the silver nanowire transparent conductive film without causing any thermal distortion to the [plastic] substrate.”
  • Scientists have developed a highly sensitive electrochemical sensor for ammonium in water samples that relies on the incorporation of silver nitrate into a carbon paste. Ammonium pollution in water poses a threat to the ecosystem and human health.
  • Engineers in Wales have come up with a recyclable silver ink that makes it possible to recycle the packaging it is used on. While printed electronics can be added to packaging to increase functionality like monitoring through Radio-Frequency Identification (RFID) tags – for inventory or theft control – they can make recycling of the packaging material difficult or even impossible.
  • Scientists at Tver State University in Russia claim that their antibacterial gel combining silver and amino acids is 100 times more effective at killing germs than current silver-based drugs such as those used for burn wounds.
  • In most cases, you want to speed up chemical reactions – such as when producing another commercial chemical or substance – by using a catalyst. But if the process moves too quickly, you can lose control. Also, the catalyst gets used up more rapidly so the activation becomes costly. Russian scientists have found that a mixture of iodine-derived organic salts and silver can reduce total catalytic activity on demand, giving the operator more control and the process more predictability, resulting in lower overall costs for catalysts.

Free Silver Report

Get Peter Schiff’s key gold headlines in your inbox every week – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning how to buy gold and buy silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!

Related Posts

Is a Weak Yen Feeding the Global Gold Bull?

The gold price has been surging, with unprecedented central bank demand gobbling up supply. It has been a force to behold — especially as US monetary policy has been relatively tight since 2022, and 10-year Treasury yields have rocketed up, which generally puts firm downward pressure on gold against USD. 

READ MORE →

World Gold Council: “Blistering Central Bank Buying” Fuels Strong Gold Demand

Total gold demand hit an all-time high in 2023, according to a recent report released by the World Gold Council. Last week, the World Gold Council (WGC) released its Gold Demand Trends report, which tracks developments in the demand for and use of gold around the world. Excluding over-the-counter (OTC) trade, 2023 gold demand fell slightly from 2022 […]

READ MORE →

VIX – The Calm Before the Storm

The VIX, often referred to as ‘Wall Street’s fear gauge,‘ is currently portraying a sense of calm among investors, registering well below the 20 level. 

READ MORE →

Four States Consider Lifting Taxes on Precious Metals

Citizens of Georgia, Kentucky, Wisconsin, and Kansas may soon enjoy lower taxes on precious metals if recently introduced pro-metal bills are made law in 2024.

READ MORE →

Inflation Persists As Fed Signals Rate Cuts

printing pressThe U.S. Bureau of Labor Statistics (BLS) recently released two inflation reports highlighting inflation figures for December 2023. Here’s what they showed: 

READ MORE →

Comments are closed.

Call Now