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Posts Tagged: “solar power“
Bloomberg Intelligence Projects $50 Silver in 2021
Saxo Bank recently projected silver will soar to $50 an ounce in 2021, powered by loose monetary policy along with the push for “green energy.” Bloomberg Intelligence is now making a similar call, saying silver will be “the primary metal” benefiting from electrification and quantitative easing in 2021. Gold set a new record earlier this […]
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Solar Energy Industry Expected to Remain Steady Source of Silver Demand
The solar power industry is expected to create a steady source of demand for silver in the coming years, according to a new report released by the Silver Institute. Silver just charted its best month in nine years, with the price of the white metal gaining 20.7% in May.
Report: China Will Drive Silver Market Forward
China will be a major player in the silver market in the years to come, according to a new report by the Silver Institute. The Chinese impact on silver comes from both the demand and supply sides of the equation. China is by far the biggest silver consumer in the world. The Chinese account for […]
Silver News: Green Tech Will Consume Over 1.5 Billion Ounces of Silver Through 2030 Plus Some New Innovations
Green technologies will consume over 1.5 billion ounces of silver over the next twelve years. The Silver Institute highlighted the growing demand for silver in the green energy sector, along with some new technological innovations utilizing the white metal in its latest edition of Silver News.
Technology Sector Has a Growing Appetite for Gold; Demand Up 3%
The amount of gold used in the technology sector grew for the fourth consecutive quarter, according to the latest demand report by the World Gold Council. Tech industries consumed 67.3 tons of gold in Q3, a 3% increase year-on-year. Demand for memory chips served as a primary driver for increased industrial gold consumption.
Is Silver Set to Soar?
Could silver be set to soar? Analysts Barron’s spoke with recently think so. An article published on the business journal’s website last week predicted the white metal will emerge as a winner for the second straight year. With a per-ounce price of $17.41 for silver futures as of Friday, analysts say the white metal is […]