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Investors Getting Bullish on Silver and Other Silver News

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The price of silver was up better than 15% in 2019. This has led to a major improvement in investor sentiment toward the white metal, according to a report highlighted in the latest issue of the Silver Institute’s Silver News.

According to the report, silver got a boost from a host of factors, including economic and geopolitical concerns that drove safe-haven investment in precious metals.

There were healthy gains in physical silver investment in 2019, with bar and coin sales expected to chart a three-year high. Global silver mine output is expected to show a 0.7% decrease.  For the second year in a row, silver industrial fabrication was expected to hold at a record high. Global silver jewelry and silverware demand were projected to grow by 3% and 4% respectively in 2019.

The latest edition of Silver News also highlights some fascinating technological developments utilizing the white metal and other interesting news related to silver.

  • 2019 was one of the best years for solar installations in the European Union (EU), according to the first EU Market Outlook published by SolarPower Europe. Silver plays a key role in solar panel fabrication. Metals Focus, the global precious metals research firm, forecast that 96 million ounces (Moz) of silver would be consumed globally in PV in 2019, a 2 Moz increase over 2018.
  • Silver ions help make organic light-emitting diodes less toxic and more stable. Organic Light-Emitting Diode (OLED) displays are brighter, have higher contrast and use less power than conventional plasma and LCDs.
  • Silver is a crucial part of flexible electronics from printed-on antennas to body wearables to phones that fold, but one vital component has eluded engineers until now: batteries that bend, stretch and twist along with the gear they power. Here again, silver’s malleability and its high electrical conductivity are playing a role as researchers at ETH Zurich, Switzerland, have developed a flexible, thinfilm battery that can be bent, stretched and even twisted without interrupting the supply of electricity.
  • Nanosilver produced from blue-green algae offers promise in colon cancer therapy.
  • 3D Lab in Warsaw, Poland, has developed technology that improves the process of turning silver into powder for 3D printing applications.

Get Peter Schiff’s key gold headlines in your inbox every week – click here – for a free subscription to his exclusive weekly email updates.
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