(Zero Hedge)—Silver demand continues to surge, driven by technologies like solar power and AI.
In 2023 alone, the silver market experienced a 15% supply deficit. Furthermore, the market is expected to reach a cumulative deficit of 1,093.4 million ounces from 2020 to 2024.
In this graphic by Outcrop Silver, Visual Capitalist’s Bruno Venditti discusses how new mines are necessary to meet the high demand for the metal.
Silver is Essential for New Technologies
According to Sprott, Silver is second only to oil as one of the most widely used commodities, with more than 10,000 applications worldwide.
The metal is a key component in photovoltaic cells used in solar power. The average solar panel requires 20 grams of silver.
Electric vehicles also use between 25 and 50 grams of silver.
In addition, the metal is essential for semiconductors, controls, sensors, and LIDAR technology in AI-enabled transport. Silver is also critical in healthcare AI, through conductive silver nanoparticles in wearable electronic skin patches.
The average cell phone contains 0.34 grams of silver.
The Risk of a Supply Gap
Despite silver’s importance, declining ore grades and depleting reserves at existing mines are reducing the metal output.
The industry also suffers from a lack of investment in primary silver mines. Today, over 70% of silver is mined as a byproduct of gold, copper, and other metals.
Production is also concentrated in three countries—Mexico, Peru, and China—which together account for half of global silver production.
The Future of Silver
If current circumstances continue, new mines will be necessary to meet the growing demand.
Outcrop Silver is quickly advancing the Santa Ana high-grade silver deposit in the Mariquita District, known as the highest-grade primary silver district in Colombia, with historic silver grades among the highest in Latin America.
The Indicated Grade for the Santa Ana project is ranked the second highest in the world.
Controlling Protein Is One of the Globalists’ Primary Goals
Between the globalists, corporate interests, and our own government, the food supply is being targeted from multiple angles. It isn’t just silly regulations and misguided subsidies driving natural foods away. Bird flu, sabotaged food processing plants, mysterious deaths of entire cattle herds, arson attacks, and an incessant push to make climate change the primary consideration for all things are combining for a perfect storm to exacerbate the ongoing food crisis.
The primary target is protein. Specifically, they’re going after beef as the environmental boogeyman. They want us eating vegetable-based proteins, lab-grown meat, or even bugs instead of anything that walked the pastures of America. This is why we launched a long-term storage prepper beef company that provides high-quality food that’s shelf-stable for up to 25-years.
At Prepper All-Naturals, we believe Americans should be eating real food today and into the future regardless of what the powers-that-be demand of us. We will never use lab-grown beef. We will never allow our cattle to be injected with mRNA vaccines. We will never bow to the draconian diktats of the climate change cult.
Visit Prepper All-Naturals and use promo code “veterans25” to get 25% off plus free shipping on Ribeye, NY Strip, Tenderloin, and other high-quality cuts of beef. It’s cooked sous vide, then freeze dried and packaged with no other ingredients, just beef. Stock up for the long haul today.
