Industrial demand for silver

pmbug · Oct 17, 2023

Investment demand in silver has been fairly disappointing through most of 2023; however, one mining executive said that this is not the segment of the market investors should be paying attention to.

In an interview with Kitco News, on the sidelines of the London Bullion Market Association 2023 Global Precious Metals Conference, Phillips Baker, CEO of Hecla Mining, said that investors need to pay attention to industrial demand and the solar power sector continues to consume massive amounts of the precious metal.

"Right now, ETF demand is the sideshow. Silver's use in Photovoltaic (PV) solar panels is going to drive silver prices higher," he said. "This is not an issue that will be going away anytime soon. The need for Photovoltaic solar panels will drive demand for the next decade.
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Higher silver prices needed to meet solar demand, 'you're not going to melt grandmother's silver at $35 an ounce,' Hecla's Phillips Baker

Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices

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Cigarlover · Oct 17, 2023

I'll be impressed when they start manufacturing solar panels with 100% solar power. From mining to manufacturing, they all use fossil fuels.

Then we have the electric car space. top 5 manufacturers do about 5 million cars annually. There are 290 million cars in the US alone. So in 58 years we could replace the cars in the US using the entire worlds capacity to produce electric vehicles. Thats assuming that a car produced today would still be operating in 58 years and not need to be replaced. This entire green new deal is a farce. Just another money grab by grifters in DC and their "Supporters" (Donors).

nickndfl · Oct 17, 2023

I thought the green new deal was about a stuffy nose?

searcher · Nov 19, 2023

Silver Is Just A Drop In The Bucket

18:44

The amount of silver mined compared to other metals, even precious metals, is very small! https://elements.visualcapitalist.com...

Industrial demand for silver

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Higher silver prices needed to meet solar demand, 'you're not going to melt grandmother's silver at $35 an ounce,' Hecla's Phillips Baker

Cigarlover

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Silver Is Just A Drop In The Bucket

Industrial demand for silver

Welcome to the Precious Metals Bug Forums

pmbug

Your Host

Higher silver prices needed to meet solar demand, 'you're not going to melt grandmother's silver at $35 an ounce,' Hecla's Phillips Baker

Cigarlover

Ground Beetle

nickndfl

Sunshine State

searcher

morning

Silver Is Just A Drop In The Bucket​

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Silver Is Just A Drop In The Bucket