Commodity Trade Mantra

Posts Tagged ‘Solar Demand’

Solar Demand 'Key' in 2017 for Silver Prices

Analysts GFMS – a division of Thomson Reuters, say that the solar energy sector bought 11% more silver last year than 2015, the only major use to grow on their latest estimates for the Washington-based Silver Institute of miners, refiners, retailers & industrial users. But research into substitution continues & “you’re [now] seeing some investment in replacing silver with copper.

The Key Future Silver Price Factor: Investment Demand, Not Solar

There seems to be a great deal of hype put forth by the market that rising solar demand will be a key factor in determining the price of silver in the future. While silver consumption in the solar industry may increase going forward, the real cause for much higher silver prices will be investment demand. Why?

Solar Energy Shines on Silver Demand

With PV installation on the rise, silver demand is ready for a major surge. 80 tons of silver is needed to generate one gigawatt, (1 million kilowatts) of electricity, that powers around 90 typical American homes annually. In 2016, close to a million and a half metric tons of silver are expected to be needed to meet solar demand in US alone.

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