Silver market heading for a supply crisis

A deficit is looming for silver. This has not yet been fully reflected in the price.

A dramatic rise in the price of silver could be imminent. Electromobility is growing rapidly, as are renewable energy technologies. Every electric vehicle causes an increase in silver consumption. Solid-state silver batteries can contribute to this. It is estimated that 25,000 tons of silver will be required each year, solely due to the silver battery-powered electric motor. 25,000 tons of silver is about 803,750,000 troy ounces of silver. So, if solid-state silver batteries were to make their triumphant advance, they could also be used in buses, ships and airplanes as well as in areas such as robotics, the military and space travel. This type of battery is said to offer many advantages. Silver is a preferred material in battery technology due to its unique properties. The silver market could therefore be on the cusp of change. A price adjustment would not be surprising. And the era of new emerging technologies and thus increased silver consumption continues.

Good prospects for MAG Silver – https://www.commodity-tv.com/ondemand/companies/profil/mag-silver-corp/ -, for example. The company has a stake of 56 % in the Juanicipio silver mine in Mexico (Fresnillo 44%). The processing rates and exceptional ore grades speak in favor of the silver mine and its continued success.

In addition to silver, raw materials such as platinum group metals (PGMs), which are necessary for fuel cells and hydrogen technologies, could also be on the rise. Especially in the truck sector, but not only there, hydrogen is an excellent way to avoid CO2 emissions. A revolution can also ensure a better climate in the rail sector. There are still many diesel trains on the road worldwide. Battery and hydrogen trains could help here. In Bavaria, the first hydrogen-powered train will enter service in December and will run on green hydrogen produced from renewable energies. Emissions will then only be in the form of water vapor.

In addition to gold, Sibanye-Stillwater – https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/ – produces platinum metals on its properties in the USA and South Africa.

Current company information and press releases from Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -) and MAG Silver (- https://www.resource-capital.ch/en/companies/mag-silver-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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