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Changes to Solar Panel Technology Are Accelerating Demand for Silver

Opportunities:

  • Changes to solar panel technology are accelerating demand for silver, a phenomenon that is widening a supply deficit for the metal with little additional mine production on the horizon. Silver, in paste form, provides a conductive layer on the front and the back of silicon solar cells. But the industry is now beginning to make more efficient versions of cells that use a lot more of the metal, which is set to boost already-increasing consumption.  Solar is still a small part of overall silver demand, but it is growing. It is forecast to make up 14% of consumption this year, up from around 5% in 2014, according to a report from The Silver Institute, an industry association.

Full articlehttps://goldseek.com/article/gold-swot-gold-climbed-higher-after-weaker-expected-jobs-data-was-released

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