Quoted By:
According to Sprott Insights, the three areas of growing demand — solar, 5G and automotive — potentially account for n increase in demand greater than 125 million ounces, annually, in 10 years. Where is this new silver supply going to come from?
Their conclusion? “We do not see enough supply growth to offset the demand growth,” with mine supply falling since 2016 and “we do not see enough projects in development to generate the kind of production levels in question, at least not at current silver prices.”
“Our view is that the ‘green revolution’ will be highly positive for silver.”
