RIE 0.00% 0.4¢ riedel resources limited

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

  1. 20,864 Posts.
    lightbulb Created with Sketch. 2004
    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.
watchlist Created with Sketch. Add RIE (ASX) to my watchlist
(20min delay)
Mkt cap ! $8.895M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
16 10124161 0.3¢

Sellers (Offers)

Price($) Vol. No.
0.4¢ 6700578 10
View Market Depth
Last trade - 16.12pm 22/04/2024 (20 minute delay) ?
RIE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.