SILVER ETF: Underestimated uses?

Free Issue No. 10 of 20.05.2021
The chances that the silver price will still break away from the traditional dependence on the yellow metal gold are, due to the new economic trends, quite intact. If we are not fundamentally on the wrong track with the many renewable energies or the mobility change - without moderation and common sense the raw materials will run out very quickly - a positive trigger for noticeably higher prices is also lurking in silver. Why? Electric cars, regenerative energy sources etc. are crying out for silver. The quantity of silver used in electric cars is much higher than in "fossil" engines. According to reliable information from the industry, the silver content of "petrol cars" is around 0.5 to 0.9 ounces. For electric cars, however, a noticeably higher proportion of 3 ounces pays off. The photovoltaic industry also uses vast amounts of silver. These findings are of course not entirely new, but awareness is probably still not sufficiently heightened.
After all, 50% to 60% of silver production goes to industry, including the branches mentioned above. In the automobile industry, for example, one calculates with about 60 million ounces per year and by 2025 this value should grow to almost 90 million ounces. In photovoltaics, the demand is already close to 100 million ounces. At first glance, not a "chunk of change"... and not even at second glance!
But too often the facts seemed clear and the euphoria for an extraordinary silver boom great. So are we seeing only a "flash in the pan" this time as well, or is an imminent price rally currently building a very solid foundation? We consider the latter to be very plausible in view of the massive increase in silver demand!
In chart terms, we are stuck in a triangle formation with strong resistance at USD 28.50. If this "granite zone" is broken through, the way opens up to new highs and to our maximum price target at CHF 100!