Looking ahead, the quickly expanding photovoltaic panel or solar industry could continue to drive silver demand. Installations and investment in solar panels, which incorporate silver for its electrical conductivity, are at record levels, reports Henry Sanderson for the Financial Times.
According to Thompson Reuters GFMS, the solar industry’s silver demand increased 23% last year, the second consecutive year of increases.
“Brexit, oil meltdown, global central banking policy, and a whole lot of uncertainty surrounding November’s presidential election could easily push the price of silver not just about $20 an ounce in the near term — how about $30?,” notes ETF Daily News.
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