Saxo Bank projects silver will soar to a record $50 an ounce in 2021, powered by loose Federal Reserve monetary policy and a weak dollar, and turbocharged by surging demand for the white metal in the solar energy sector.
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.
Rising demand for solar panels pushes silver prices higher according to a recently released university study.
Researchers at the University of Kent found a “causal relationship” between solar panel demand and the price of the white metal.
Will work for gold!
Who wouldn’t right? I don’t know about you, but I would work even harder for some gold than I would for dollars, knowing the Federal Reserve isn’t going to inflate the value of my gold away by 2% or more every year.
Well, apparently people aren’t the only organisms that know the value of gold. Scientists have discovered a bacterium that will work for us and actually help us create energy. But you have to pay it in gold.
Rutgers University-New Brunswick researchers have developed a star-shaped gold nanoparticle that could open the door to improving storage of solar energy.
According to scientists at the university, the nanoparticle coated with a semiconductor can produce hydrogen from water over four times more efficiently than other methods. The development could boost solar energy use and possibly lead to other renewable energy developments.
