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Silver is expected to play a significant role as the “green economy” evolves. The Silver Institute recently participated in a panel discussion titled “Silver’s Role in the Green Economy” at the London Bullion Market Association’s Global Precious Metals Conference in Barcelona, Spain.This is one of several silver-related stories in the latest edition of Silver News
published by the Silver Institute.Silver Institute Chairman Phillips Baker emphasized that silver is a vital component in solar panel production and demand is expected to increase significantly in the coming years. While there are efforts to replace silver with less expensive substitutes, Silver Institute technical director Trevor Keel said that silver remains the critical ingredient in making solar panels functional, and it will remain so for quite some time.The panel also discussed the growth of the electric vehicle (EV) market, noting US demand in the first quarter of this year increased by 56% over the same period in 2022. Dr. Keel added that as the complexity of EVs continues to evolve, more silver will be required for their functionality.Whether you believe the climate change narrative or not, the green energy revolution is here to stay and it will likely have significant impacts on the silver market moving forward.The latest edition of Silver News also highlights some other fascinating technological advances utilizing silver. Here are some highlights.
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