Silver is a forward-looking commodity, essential to delivering a clean, ESG driven world.
Due to its superior electronic, it is a key mineral in the EV automotive industry, the automotive industry expected to consume 61million ounces in 2021 according to The Silver Institute.
Solar panels already consumer c. 100 million ounces a year, with some market analysts expecting this to grow to 185 million ounces in the coming 10 years as solar usage increases (BMO Capital Markets).
Sprott also sees silver benefitting from the global roll-out of 5G cellular networks.
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