Silver bullion, with its unique properties, has long been an essential material for the technology industry. From smartphones to solar panels, silver plays a crucial role in powering our digital world. In this blog post, we will explore how the tech industry uses silver bullion and why investing in this precious metal can be a smart move.
Silver’s Conductivity and Durability
Silver is an excellent conductor of electricity, and its thermal conductivity is the highest of all metals. This makes it an essential material in the production of electronic devices. Silver’s conductivity is crucial in making circuits and conducting electricity, and its durability ensures that these devices can withstand repeated use.
Smartphones, tablets, and laptops are some of the most common devices that use silver. According to a report by the Silver Institute, around 45 million ounces of silver were used in the production of smartphones in 2019. This number is expected to grow as the demand for smartphones continues to increase globally.
Renewable Energy and Silver Bullion
Silver is also an essential material in the production of solar panels. Solar panels use photovoltaic cells to convert sunlight into electricity, and these cells contain silver. According to the same report by the Silver Institute, around 100 million ounces of silver were used in the production of solar panels in 2019.
As the world shifts towards renewable energy, the demand for silver in the production of solar panels is expected to grow. According to a report by the International Energy Agency, solar energy is the fastest-growing source of renewable energy and is expected to become the largest source of electricity by 2035.
Medical Applications of Silver Bullion
Silver’s antibacterial properties have been known for centuries, and it has been used as a disinfectant for wounds and medical equipment. In recent years, silver has been used in a variety of medical applications, including wound dressings, catheters, and dental fillings. Silver’s antibacterial properties are especially useful in healthcare settings, where the risk of infection is high. According to a report by MarketsandMarkets, the global market for silver-based antimicrobial products is expected to reach $1.7 billion by 2024.
Investing in Silver Bullion
Given the increasing demand for silver in the tech industry, investing in silver bullion can be a smart move for investors. As with any investment, there are risks involved, but silver has a long history of retaining its value, even during economic downturns. Silver bullion is available in a variety of forms, including coins, bars, and rounds. One advantage of investing in silver bullion is that it is a tangible asset, which can be held and stored securely. In conclusion, silver bullion plays a crucial role in the tech industry and is expected to continue to do so in the future. Its unique properties, including its conductivity, durability, and antibacterial properties, make it an essential material in a variety of applications. Investing in silver bullion can be a smart move for those looking to diversify their portfolio and protect against economic uncertainty.