Silver’s Role in the EV Revolution and Growing Demand

Amid recent market volatility, gold has steadily climbed to new records, surpassing $2,500 an ounce. Silver, typically following gold's trends, has not matched gold’s record-setting pace, currently trading at around $29.40 an ounce. However, silver has recently outperformed gold over the past five sessions, driven by growing interest in its role in emerging technologies.

Retired investment professional Kevin Bambrough recently highlighted Samsung’s breakthrough solid-state battery technology, which uses a silver-carbon composite. This innovation could significantly increase silver demand. Bambrough estimates that Samsung's batteries, with a 600-mile range, 20-year lifespan, and 9-minute charge time, could require up to 1 kilogram of silver per electric vehicle (EV).

If just 20% of global car production adopts this technology, silver demand could surge by 16,000 metric tons annually—more than half of the current global silver production. The silver market, already in deficit due to rising demand from the solar industry, could tighten further, pushing prices higher. Bambrough predicts that silver could reach an all-time inflation-adjusted high of $200 per ounce within the next 10 to 15 years.

With the increasing integration of silver in key industries like EVs and solar energy, investors should watch for further tightening in the silver market, making it a prime candidate for portfolio diversification and future growth.

To Read More: https://www.marketwatch.com/story/new-samsung-ev-battery-technology-has-captivated-silver-bulls-heres-the-argument-a7db1a66