RE: A few people5 Feb 2021 15:46
Goldman Sachs on Silver Rally to come. $UFO best exposure on LSE:AIM?
Reddit just kick started it
https://stockhead.com.au/resources/gold-digger-silver-will-be-turbo-charged-version-of-gold-goldman-sachs-says/
Goldman Sachs, favours silver over gold as an investment in precious metals.
“I like to say that it’s a turbo-charged version of gold,” Currie says.
“That’s what silver has that gold doesn’t have: It goes into solar panels.”
“[But] in the current environment, given an already bullish silver outlook, Reddit-type investor campaigns could bring forward the forthcoming rally.”
This imminent rally could be helped along by booming industrial demand. Silver is used in solar cells (PV) as a conductor of heat and electricity.
From 2020 through 2030, the PV sector is expected to consume a cumulative 888 million ounces of silver — equivalent to an average of 81 million ounces per year.
Current annual global silver production is just under 1 billion ounces per year.
That’s why Jeffrey Currie, global head of commodities research at G