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Endeavour Silver Corp. Message Board

  • jai4524 jai4524 Feb 14, 2013 8:44 PM Flag

    SOLAR vs SILVER

    And the joker – solar power: Silver is an important component in several high-tech products and solar power cells are some of them. HSBC said that initial forecasts for steep silver demand for solar panels proved a little overoptimistic, but the sun-driven technology could still shine some light on silver prices. In the top two solar markets, the U.S. and China, policy support is increasing and a pick-up in solar power is expected in 2013 and 2014. Cheap U.S. gas prices have weighed on the demand for solar power, but if gas prices rise, “the relative attractiveness of renewables such as solar power — and hence silver demand — will increase,” Steel said

    Sentiment: Strong Buy

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