Silver to benefit from solar sector demand once rates peak
Silver to benefit from solar sector demand once rates peak
Sept 29 (Reuters) - Robust demand from the solar industry and limited supply growth from mines will buoy silver prices once the period of higher global interest rates is over, analysts said.
Silver is both an investment and is consumed in the manufacture of jewellery, electronics and electric vehicles, as well as solar panels which has been gaining traction amid the global green energy transition.
However, silver prices , at $23 per troy ounce, are down 4% so far this year as elevated global interest rates discourage investment in precious metals, which do not offer interest. The U.S. Federal Reserve hardened its hawkish posture on interest rates last week.
Read the full article at: Silver to benefit from solar sector demand once rates peak | Reuters