Inflated Industrial Demand For Silver

Every silver stacker knows about the possibility of #silversqueeze. It's uncertain whether those manipulative big banks will be forced to cover their tremendous metal short position someday. But, one thing that can be sure of is the demand for silver is not going down in the future; silver demand is going to skyrocket in the next few years.

Silver is a pretty useful metal as people don't just use it for decoration or collection purposes. The need for silver across industries is actually absurd. Silver is extensively used in batteries, RFID, medicine, brazing alloys, semiconductors, solder, touch screens, glass coatings, water purification, photography, wood preservatives, nuclear reactors et al. While the world switches its narrative to favor clean and renewable energy, the demand for silver soars as silver is also an essential component in building a solar panel. Thanks, Greta.

Roughly one billion ounces of silver are produced every year worldwide. It turns out that more than 50% of the silver produced is used for industrial purposes. Silver is exceptional amongst other elements and metals as it has high reflective and (electrically and thermally) conductive properties. That's why solar panels need silver, as it's the component for photovoltaic (P.V.) solar cells. The fact is that 90% of crystalline silicon photovoltaic cells need silver as a crucial component, and about 20 grams of silver is needed for every solar panel. That might not sound too much, but don't forget that the silver in the ground is depleting.

According to a bold prediction from r/Wallstreetsilver, sometime around 2025 - 2030, all of the world's silver mines will be used to satisfy industrial demand. By 2030, virtually all of the world's public and private mints will have ceased production of silver coins and bars. However, gold bullion products will continue to be minted. The depleting silver will only be used to satisfy industrial needs.

The silver coins and bars you're purchasing today will be highly sought after by collectors in under a decade. In the absence of a steady stream of new supply from the mines, their value will soar above the current silver per ounce price. It is expected that most distributors will cease selling new silver coins, ingots, and nuggets. There will be no primary dealers left, and everything will be secondary market collectibles.

P.S. the last part of this post is just pure speculation; take it with a grain of salt. The only certainty is that the demand for silver will not drop in the long run.