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
Santacruz Silver Mining Ltd. (NASDAQ:SCZM) (TSX-V:SCZ) announces that total production in the first ... READ MORE
Critical Metals Corp. (Nasdaq: CRML), a leading critical mineral mining company, today announced tha... READ MORE
As part of the financing package for the phased development of the commercial operations of its Mata... READ MORE
Group Eleven Resources Corp. (TSX-V: ZNG) (OTCQB: GRLVF) (FSE: 3GE) is pleased to announce new assay... READ MORE
Argenta Silver Corp. (TSX-V: AGAG) (OTCQX: AGAGF) (FSE: T1K) is pleased to report the third set of ... READ MORE