The burgeoning industry of solar power has surged remarkably in the recent years, resulting in a noticeable impact on silverâs structural deficit, driving its prices to new origins. This is an assertion made by BMO – KITCO, one of the most prestigious financial services provider.
The demand for silver, especially in photovoltaics, is skyrocketing due to the proliferating solar power industry. The photovoltaic industry utilizes nearly 85 grams of silver per solar panel unit, thereby causing a significant rise in silver’s consumption and consequently leading to its structural deficit.
This has induced a sparked interest among investors, thus encouraging them to flock towards the silver market which has been predominantly undervalued until recently. As per BMO – KITCO, such a revolutionary shift in silverâs market is going to prompt a transformation in its price trends as well.
In a nutshell, the swift transition towards green energy, coupled with the soaring demand for silver in solar photovoltaics, is orchestrating the structural deficit of silver and driving its prices. Read More
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