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

Solar Energy Demand Bullish for Silver and Other Silver News

  by    0   1

Silver is a vital component in the solar energy sector. Solar power generation is expected to nearly double by 2025 and that’s bullish news for the silver market, according to a report highlighted in the latest edition of the Silver Institute’s Silver News.

The Silver Institute commissioned a report that examines trends in solar power generation and provides regional perspectives on future demand for solar installations. The report maintains that a combination of global efforts to reduce fossil fuel reliance, legislation to lower carbon emissions, and favorable government tax policies, should result in a continued expansion of solar panel installations over the next decade.

Silver has the lowest electrical resistance of any metal at normal temperatures. According to the report, “Potential substitute metals cannot match silver in terms of energy output per solar panel. Further, due to technical hurdles, non-silver PVs tend to be less reliable and have shorter lifespans, presenting serious issues for their widespread commercial development.”

A recent report from the World Bank forecasts that by 2050, consumption of silver in energy technologies could grow dramatically, reaching a level equivalent to more than 50% of current total silver demand; the largest proportion for any non-battery metal.

The latest edition of Silver News also highlights some other fascinating technological developments utilizing the white metal.

  • Silver is helping move superconductor research forward. Superconductors are materials that have zero or close to zero electrical resistance at extremely low temperatures. Scientists at Tokyo Metropolitan University say they have created a new superconductor material using silver that works at a higher temperature.
  • Engineering researchers at North Carolina State University have found a way to create breathable, wearable electronics using silver nanowires.
  • Small amounts of electricity have been shown to kill many germs, so one company is building tiny silver/zinc batteries into face masks to keep the wearer safe from infection.
  • Luxury financial and lifestyle management group Insignia has developed a silver-coated credit card that kills germs. Their studies showed that the best germ-killing power on their Clean Card occurred when a silver coating was applied to cards made of layers of titanium or zinc.
  • Silver and gold nanoparticles can be used to produce environmentally-safe ceramic glazes. A wide range of colors could become available at a low cost.

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

The World’s Top 10 Gold Producers in 2020

Who produces the world’s gold? Gold production fell again in 2020. According to the World Gold Council, gold production came in at 3,478 tons last year. That compares with mine output of 3,597 tons in 2019.

READ MORE →

Fed Chair Jerome Powell Sticks to Dovish Script During Congressional Testimony

Federal Reserve Chairman Jerome Powell testified before Congress on Tuesday and continued to peddle the “transitory” inflation narrative. Keeping with the dovish tone set after last week’s FOMC meeting, Powell reiterated that the central bank is not going to rush to raise interest rates, and he said the Fed would not hike rates merely in […]

READ MORE →

More Government Debt Means Less Economic Growth

The US government continues to borrow money at a frenetic pace in order to cover its massive spending spree. It runs huge deficits month after month and there is more spending coming down the pike. The national debt is over $28 trillion and it is about to begin surging upward again. But with the exception […]

READ MORE →

Another Inflation Warning: Import-Export Prices Rise Faster Than Expected

In another sign of rapidly accelerating price inflation, import-export prices rose much faster than expected in May. Import prices were up 1.1% month-on-month in May, and the Labor Department revised April’s increase from 0.7% to 0.8%. Projections for May were for a 0.7% increase. The actual number was higher than the high end of estimates.

READ MORE →

Despite Tax Day the Federal Government Runs Another Massive Deficit in May

Typically, the US government runs a budget surplus in the month that tax returns come due. Not this year. Despite a surge in receipts, the federal government ran a $131.95 billion deficit in May, continuing the trend of overspending and ballooning budget shortfalls. The federal budget deficit for fiscal 2021 now stands at $2.06 trillion […]

READ MORE →

Comments are closed.

Call Now