EDITOR NOTE: The Silver Institute investigates how silver, now a critical piece of almost all electronic devise, has the capacity to “increase by as much as 400% over the next decade,” according to the 2021 CRU report. The precious metal is vital in today’s interconnected world and, as the “Internet of Things” continues to grow, silver demand will grow along with it. The report estimates that “silver consumption in electronics and electrical applications, excluding solar PV cells, was 224 Moz in 2020, and forecasts a 10% increase in demand to reach 246 Moz in 2025.” This information is vital to any investors looking to buy non-Fungible silver in the future.
Today, silver is found in nearly all electronic devices. With the greatest electrical conductivity of all metals, silver is playing a critical role in the latest technological advancements. Silver’s inherent conductivity is an important asset in the miniaturization of electronics; allowing electrical currents to flow in even the smallest semiconductors and computer chips.
This report examines silver’s role in applications related to the new globally connected world. As connectivity becomes the defining feature of the modern economy, resources must be gathered to invest in a better informed and connected global economy. This report will look at the potential demand for silver as a result of increased global connectivity and connecting once ‘unintelligent’ goods to a greater ecosystem through the ‘Internet of Things.’
CRU estimates that silver consumption in electronics and electrical applications, excluding solar PV cells, was 224 Moz in 2020, and forecasts a 10% increase in demand to reach 246 Moz in 2025. A significant portion of this increase will come from a variety of different connectivity-related applications, where CRU anticipates more dramatic growth rates. As an example that is illustrative of this wider trend, CRU expects silver demand in radio-frequency identification (RFID) tags, used to wirelessly connect objects for tracking, monitoring and numerous other purposes, to increase by as much as 400% over the next decade.
Read full PDF at SilverInstitute.org
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