The rapid development of high-tech industry increases the demand for silver
With the development of high and new technology, the demand for silver in strategic emerging industries has increased significantly, which has the attribute of strategic scarce resources.
Silver is an important precious metal with three attributes of currency, investment and commodity. It is estimated that the total global demand for silver will reach 1025 million ounces (31900 tons) in 2021, a new high in 8 years. It is estimated that the industrial demand will reach 510 million ounces (15900 tons) in 2021, an increase of 9% over 2020, a new high in 4 years. With the development of high and new technologies, especially the rapid development of electronic information and new energy industries, the demand for silver in strategic emerging industries has increased significantly, which has the attribute of strategic scarce resources.
