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If you've been investing in precious metals for any length of time, you know that the two most sought-after metals are gold and silver. Silver, while a lot cheaper to invest in than gold, can produce reliable profits in the long run, and it's a great way for beginners to start building a collection of bars and coins.
However, it's typically not a big money maker unless you invest a considerable amount. Its investment value comes from its staying power on the market. That is expected to change within the next few years due to an unexpected tech advancement: The advancement of solar energy.
You're probably wondering why something like solar energy would impact the silver market at all. After all, they have nothing to do with each other on the surface. However, silver is a major component of solar panels.
A lot of silver is used to make a conductive paste for the internal parts of nearly every modern solar panel on the market. It functions as a high-quality conductor that helps maximize the amount of solar energy captured by the panel, and it's used to ensure the transfer of that energy is efficient. This makes it one of the most crucial components of a modern solar panel.
With green initiatives gaining traction around the globe, and solar energy technology being pushed to its limits, the solar energy industry will require massive amounts of silver to create their conductive pastes.
When a limited resource has a high demand, prices skyrocket. This goes for silver, too. Right now, the price of silver is fairly stagnant. That's what makes it such a safe investment. It only dips and climbs in small amounts.
However, the sudden need for large amounts of silver by the solar energy industry will reduce the amount of silver available while increasing its demand. In turn, the value of silver will climb dramatically.
This trend isn't subtle, either. In 2015, only 7% of the world's silver supply was used by solar panel manufacturers. Since then, that number has grown to 28%, and it shows no signs of stopping. This equates to significant ROIs for those who invest in silver now.
As you likely know, silver can be purchased in a variety of formats. The format used by the solar energy industry is .999 fine silver bullion. As such, investment grade silver bars and coins are likely your best bet to maximize the return on your investment when it comes time to cash in. It will be the most sought-after when the demand finally exceeds the world's silver supply.
These supply and demand-based opportunities don't last forever. To get the most out of your silver investments, start buying .999 fine silver bars and coins before solar energy becomes mainstream.