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Stock....ead today PETER STRACHAN: Where is the silver lining?As...

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    Stock....ead today PETER STRACHAN: Where is the silver lining?
    As a store of value, silver has become a poor-man’s gold with about 20-30% of annual production making its way into bars and coins. Gold typically trades within a band of roughly 70 to 90 times the price of silver, so today, it is close to that central point at around US$25/oz.
    Following the demise of silver’s industrial use in photography through the ’80s and ’90s, industrial applications in conductive ink electrical circuitry for solar panels has taken off, rising by around 100Moz over the past eight years, while demand is now ramping up by about 20-30 Moz pa in a total market of ~1 billion ounces annually, where a significant deficit of 237Moz was recorded in 2022.
    Given an expected exponential rise in the manufacture of solar panels and a low availability of effective substitutes, the place of silver as an investment product seems secure.
 
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