Demand for precious metals is skyrocketing in 2021. It almost doesn’t matter which industry you look at most use precious metals. Can you think of an industry that doesn’t use any electronics? We use computer chips in almost every industry. Every computer has electronic boards, semi-conductors, chips and processors that wouldn’t work without silver and other precious metals.
According to geology.com only about 25% of silver is used to make coins today. The largest segment of demand for silver today is the electronics industry. More than 35% of silver mined today goes into the electrical components things you use daily.
2021 has already seen a supply crisis for semiconductors. Semiconductors are the very foundation of most anything that uses electronic components. Everything from replacing your refrigerator to getting a new car is affected by this shortage.
Just look around. The universal projection for increased industrial demand for precious metals makes sense. The demand for precious metals is going up in 2021. The only question is how much. Then how much will supply go up?
It certainly looks like demand is already outpacing supply. This means higher prices. This means a great buying opportunity, especially with silver. |