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Prospector News Podcast – Peter Krauth “Industrial Silver Use Particularly Solar Panel Use Will Drive Future Silver Price”
Prospector News Publisher Michael Fox is joined by the Silver Stock investor Peter Krauth to discuss the Silver Markets in 2023 and a look ahead in 2024. The Silver markets in 2023 was a tale of 2 markets; Investment market was down in comparison to 2022 but industrial usage was up. Investment purchases of silver was down in 2023 from its record high in 2022. A return to normal levels of purchase from past years. Industrial usage was up dramatically driven by dramatic increases in Solar Panel sales.
Looking ahead in 2024, Industrial use should continue to lead the demand for silver with the Solar panel industry leading the way. New technologies are causing changes in Solar Panels and require more silver in their manufacture. This will put upward pressure on the price going forward.
Silver price of $30 per ounce should help put a bid under lagging silver stocks.
Join Peter and Michael in Vancouver at:
The Metals Investor Forum January 19 & 20
Vancouver Resource Investment Conference January 21 & 22
Posted January 15, 2024
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