Properties of silver
Applications for silver
Besides private investors and the jewellery industry, silver is gaining in importance with ever new industrial applications. In 2021, industry was responsible for over 60 percent of global demand. One of the most promising applications is in photovoltaics, which is important for achieving climate goals. Almost 14 percent of the total demand for silver can be attributed to the production of solar modules. The reason for this is that silver is an excellent conductor of electricity and heat.
In addition, a strong expansion in demand can be expected, especially in e-mobility. Compared to combustion engines, hybrid or e-cars need up to three times more silver. So the more solar energy and e-cars are produced in the future, the stronger the demand for precious and industrial metal will increase.