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

Silver News: Indians Buying Silver and New Technological Breakthroughs

  by    0   2

Indians are buying silver and this could have a major impact on the world market for the white metal.

The Silver Institute covers this story, and highlights several other technological innovations involving silver, in its latest issue of Silver News. It also features an interview with ICE Benchmark Administration COO Matthew Glenville. His company recently began administering the silver benchmark and operating the auction underlying the London Bullion Market Association Silver Price. 

India’s cultural affinity for silver underscores the country’s importance as a leading source of silver demand. To meet this need, India consumed 160.6 million ounces of silver in 2016, accounting for 16% of global silver demand. Between 2010-16, India imported 990 million ounces of silver.

The latest issue of Silver News also features some fascinating technological developments related to silver.

  • Researchers at Sweden’s Karolinska Institutet found that when they apply electricity to silver-embedded plastic devices used in hospitals, the antibacterial effect of the silver and electricity are greater than their sum. This allows a lesser amount of each to get the germ-killing job done.
  • TAKEO, a 120-year-old Japanese paper company, has joined with flexible-printed wiring board company Elephantech Inc. (formerly known as AgIC) to develop a rectangular silver-coated paper. When wrapped into a tube, the paper becomes a flashlight.
  • A new kitchen item from Peachy Clean combines silicone and silver to produce a dish scrubber that lasts a long time and doesn’t smell, company officials say.
  • Scientists at the California NanoSystems Institute at the University of California, Los Angeles (UCLA), have created a mesh the resembles the brain’s structure using nanosilver. This could lead to further developments in the realm of artificial intelligence.
  • A Manitoba professor has developed a process using silver particles and a laser to study the formation of ice jams on rivers. To observe ice jam formation, researchers put silver particles into water. They then shine a special laser into the water. The laser’s beam reflects back and allows scientists to record
    with a high-speed camera how ice jams behave.

Get Peter Schiff’s latest gold market analysis – click here for a free subscription to his exclusive monthly Gold Videocast.
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

Peter Schiff: The Eye of the Financial Hurricane

Stock markets appear to have stabilized after a “December to remember.” But in his most recent podcast, Peter Schiff said we’re really just in the eye of a financial hurricane. The selloff began after the September Fed rate hike. At the time, Peter called it the hike that broke the camel’s back. The market plunged in […]

READ MORE →

Troubling Signs for Uncle Sam as Demand for US Treasuries Sags

Last February, we asked the question: who will buy all of this US debt? With the demand for US Treasuries dropping precipitously as the US Treasury floods the market with paper, it’s time to revisit that question. Related

READ MORE →

Brits Deal With Brexit Uncertainty By Hoarding Gold

As uncertainty swirls around Brexit and exactly what that will mean for the economy, Brits have been hoarding gold. According to a statement by The Royal Mint, the demand for gold bars and gold coins spiked in December as uncertainty about the UK’s exit from the EU grew. We have seen a significant increase in demand […]

READ MORE →

Exploding US Debt “The Most Viable Threat” to the Economy

a bomb with US DEBT written on it and a hand lighting the fuseTocqueville Management Corp. chairman John Hathaway says the growing US government debt to GDP ratio poses “the most viable threat” to the US economy. In his fourth-quarter investment letter, Hathaway said the ballooning US debt, coupled with a bear market and a recession, will likely weaken the dollar and send gold much higher in the near future. […]

READ MORE →

Is the “Powell Put” In?

The Federal Reserve released minutes from the December Federal Open Market Committee meeting on Wednesday and it looks like the “Powell Put” might be in. The minutes revealed a much more dovish sounding Fed as we move into 2019. Members of the FOMC indicated they could be “patient” with future rate hikes and said the […]

READ MORE →

Comments are closed.

Call Now