L R AS Published on Monday 14 December 2020 - n° 344 - Categories:fundamentals, fundamentals PV, panels
Rise in the price of silver in 2021
The increase in demand for photovoltaic panels and the fall in the supply of ore will lead to a rise in the price of silver in 2021.
Precious metals specialists predict that
The price of silver will reach its lowest level either at the end of 2020 or at the beginning of 2021, and then enter a period of increase.
The demand for silver investment increased by 12 per cent per year in 2019 and 10 per cent in the first half of 2020 compared to the same period in the previous year.
Joe Biden's proposal to support the development of a green economy and reduce carbon emissions by 2050 involves a huge investment effort in solar energy, which implies the increased use of money.
Photovoltaic production in the United States has increased by an average of 47% per year between 2008 and 2019. The Solar Investment Tax Credit, in particular, has provided an incentive for individuals and businesses to purchase photovoltaic technologies. The study also points out that PV accounted for about one-third of newly installed production capacity in North America in 2019.
Silver has excellent conductivity and dissipates heat well. It is chemically stable. It is a good conductor and catalyst. It is the fundamental ingredient in the conductive paste used as electrode materials.
An "average solar panel" contains about 20 grams of silver. The price of the metal represents about 6.1% of the cost of a panel.
2019 is the fourth consecutive year of decline in world silver mine production. Only a few new mines have opened. As a result, the supply of silver continues to decline. Reserves are running out. For 2020, the silver supply is expected to decrease by 4% compared to 2019.
https://www.energytrend.com/news/20201210-20190.html
EnergyTrend of 10 December
