Silver Streak: The key role silver will play in energy transition and store of value
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Did you know silver has an important role to play in the world’s energy transition? While the precious metal has historically been a consolation prize to its fancier cousin gold, silver’s demand is currently being driven by its use in solar panels, clean energy technologies, electric vehicles and more.
Global investment manager Sprott has observed a strong rally in silver demand and pricing, much like its sibling gold throughout 2024. The past 12 months marks the third year silver demand has exceeded supply, largely due to its use in photovoltaic panels, the key technology in solar panels. Industrial demand for silver this year is forecast to climb a further 9% to mark a record high.
Coupled with demand from investors looking to precious metals as a safe haven from geopolitical risk and market volatility, it’s contributed to a charging spot price. Silver climbed past $US30/oz again in the past month. Before this year that level hadn’t been breached since 2013.
Looking for your Silver 101 so you’re not left behind? Tune in to Stockhead‘s Silver Streak virtual conference hosted by Kristie Batten and brought you by The Perth Mint.
Keynote speaker
Lowell Resources Fund chief investment officer John Forwood
A lawyer and geologist by trade, Forwood has more than 17 years of financing experience in the resources space, previously working with RMB Resources and Telluride Fund. In addition to working in Australia, Forwood has also worked in Tanzania and Indonesia and has held his current position with Lowell Resources Fund since 2016.
Mithril Silver and Gold (ASX:MTH)
Managing director and CEO John Skeet
Did you know Mexico is the world’s largest silver producer? The Central American nation currently produces roughly a quarter of the world’s yearly haul of the precious metal. Mithril Silver and Gold is currently ramping up drilling activities at its Copalquin project in Mexico, which sits in a busy silver neighbourhood surrounded by operating mines, development and exploration projects.
Unico Silver (ASX:USL)
Managing director Todd Williams
While silver may be a byproduct for many gold explorers, Unico Silver is evidently vying for pure-play status due to its name. The explorer is currently rubbing shoulders at its Cerro Leon and Joaquin projects in Argentina with neighbours Newmont Corporation, AngloGold Ashanti and Pan America Silver.
Boab Metals (ASX:BML)
Managing director and CEO Simon Noon
East Kimberley based silver, zinc and lead explorer Boab Metals is currently on track to reach a final investment decision at its Sorby Hills project – 150km by road from Wyndham Port. At time of publishing, the project hosts a 47.3Mt mineral resource for 53Moz contained silver at 35g/t.
This content was developed in collaboration with Mithil Silver & Gold, Unico Silver and Boab Metals, which are Stockhead advertisers at the time of publishing.
The interviews and discussions in this content are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions.
