by Peter Schiff, Schiff Gold:
Industrial demand for silver remains strong, particularly in electronic and electrical applications.
The Silver Institute highlighted the growing use of silver in electronics along with a number of technological innovations utilizing the white metal in the latest edition of Silver News.
Demand for silver in electronic and electrical applications will continue to drive robust growth, according to the Silver Institute. Demand in these sectors expanded by 2.8% to 249.6 million ounces in 2018 based on preliminary data.
A general rise in electrical equipment has spurred the need for silver-coated circuity, wires and switches from a variety of end uses. Following the increased electrification of powertrains, the automotive sector is taking a lead in this development.”
Industrial use accounts for about 60% of silver’s demand, according to the Silver Institute.
Total physical demand for the white metal is projected to drop by about 3% in 2018, primarily due to a steep dropoff silver coin and bar demand.
The latest issue of Silver News also features some other fascinating technological developments using silver and other interesting news related to the white metal.
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