“The price of silver is more erratic than the official national debt, which increases consistently, regardless of which group of borrow and spend politicians is supposedly in charge,” according to ETF Daily News. “But it is clear that silver prices are increasing exponentially, similarly to the increase in national debt, increase in currency in circulation, and probably the increase in Wall Street bonuses, food stamp (SNAP) payouts, Federal Reserve salaries, and the prices of cigarettes, postage, beer, food, tuition, health insurance, and prescription drugs.”
According to Thompson Reuters GFMS, the solar industry’s silver demand increased 23% last year, the second consecutive year of increases.
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.
“Politicians will borrow and spend until they no longer can borrow. Hence national debt will exponentially increase until the system resets,” adds ETF Daily News. “Exponential increases in debt parallel increases in the prices of many goods, services, and commodities, including silver.”
For more information on the silver market, visit our silver category.