{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Top Silver Development Projects Offer Exposure to Rising Industrial Demand","html":"","width":"100%","height":180,"duration":2526,"description":"Interview with Glenn Jessome, President & CEO of Silver Tiger Metals Inc., and Ian Harris, President & CEO of Outcrop Silver & Gold Corp.Recording date: 30th May 2024*Silver Poised to Shine as Supply Deficit Meets Industrial Demand Surge*Silver prices have rallied over the past year, breaking above $30 per ounce as demand from industrial users and investors accelerates. The fundamentals driving this rally appear sustainable, making silver an attractive option for investors seeking precious metals exposure.At the heart of the bull case for silver is a growing supply deficit. Annual demand for silver is projected to reach 1.2 billion ounces, while total supply from mining and recycling is estimated at just 800 million ounces, leaving a shortfall of 400 million ounces. This structural imbalance seems likely to persist and possibly worsen in the coming years.Demand for silver is surging, driven primarily by its growing use in industrial applications. Silver is a critical component in photovoltaic (PV) cells used in solar panels, and this sector's demand for the metal has grown by over 60% to 200 million ounces per year. With the transition to renewable energy accelerating globally, solar-related demand for silver is expected to continue rising. Newer solar technologies like heterojunction cells are even more silver-intensive.Other key sources of industrial demand include the automotive sector, where silver's use is doubling as electric vehicles gain market share, and electronics, where silver's superior electrical conductivity makes it essential for everything from 5G networks to data centers. Even at much higher prices, these industrial users are unlikely to substitute away from silver, as it is often a small portion of their overall costs but critical to performance.On the supply side, the outlook is increasingly constrained. Only about 30% of annual silver production comes from primary silver mines, with the remainder as a byproduct of base metals and gold mining....","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}