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Silver - Industrial demand

SpoolySpooly Posts: 2,108 ✭✭✭
in Precious Metals
At what price does the price of silver become to expensive for industrial use?
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Comments

  • chumleychumley Posts: 2,305 ✭✭✭✭
    since it is a required component in some processes...no price unless they find a substitute
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭


    << <i>At what price does the price of silver become to expensive for industrial use? >>


    $3,226.14

    My Adolph A. Weinman signature :)

  • cladkingcladking Posts: 28,646 ✭✭✭✭✭


    << <i>At what price does the price of silver become to expensive for industrial use? >>



    Most industrial uses require A very tiny percentage of total cost in silver. They
    simply wouldn't switch away unless prices were far higher. In very many cases
    there is no substitute.

    We've probably already seen about a 10% reduction from 5 years ago but it
    will have to triple to get a 20% reduction.

    Keep in mind that there are new products coming along all the time that use
    silver. This is a very high tech commodity.
    Tempus fugit.
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