US Military Could Boost Silver Demand

 silver

Summary:

  • The US Navy is constructing a giant solar farm in Arizona to power its bases in California. This is a push by the DOD to decrease its carbon footprint.
  • While this facility is being constructed by Sempra Energy, there is no guarantee that other facilities will be. Thus, silver could be a good way to play this development.
  • The construction of solar panels requires far more silver than any other current applications, which will undoubtedly increase demand.
  • Silver demand has exceeded supply for two years but the market price does not reflect this due to the dominance of the futures market.
  • This dominance may be about to change, which will cause the price of silver to surge upward to reflect actual fundamentals.
Buying Silver Bullion, Precious Metals Investing, Silver as an investment