Silver Demand Drivers

[Voodoo]

Texas saw that $350 Million solar field destroyed by hail. That was approx, lets say 130 to 150 mg / cell. Of course they don't define what each cell is but we'll have to assume. They do say that current cell output is ~4.7 Watts. So we can use that number.

Amount of silver needed in solar cells to be more than halved by 2028, Silver Institute says

The US-based industry association finds the amount of silver loading may fall from 130 mg per cell in 2016 to approximately 65 mg by 2028. Alternative and cheaper raw materials, such as copper and aluminum, are not expected to replace silver in commercial cell production, at least in the next...

www.pv-magazine.com

Green Energy Beaten Black And Blue: Video Shows Massive Hail Damage To Texas Solar Farm | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

So 350 MW / 4.7 Watts = about 74.5 million cells x 140 mg/cell = 10,425 grams of silver. So that hail storm destroyed panels with approx 325,000 ounces of silver. About 10 tons of silver. Ok then. I'd take it.

 

[Ttazzman]

Texas saw that $350 Million solar field destroyed by hail. That was approx, lets say 130 to 150 mg / cell. Of course they don't define what each cell is but we'll have to assume. They do say that current cell output is ~4.7 Watts. So we can use that number.

Amount of silver needed in solar cells to be more than halved by 2028, Silver Institute says

The US-based industry association finds the amount of silver loading may fall from 130 mg per cell in 2016 to approximately 65 mg by 2028. Alternative and cheaper raw materials, such as copper and aluminum, are not expected to replace silver in commercial cell production, at least in the next...

www.pv-magazine.com

Green Energy Beaten Black And Blue: Video Shows Massive Hail Damage To Texas Solar Farm | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

So 350 MW / 4.7 Watts = about 74.5 million cells x 140 mg/cell = 10,425 grams of silver. So that hail storm destroyed panels with approx 325,000 ounces of silver. About 10 tons of silver. Ok then. I'd take it.

the question is was the silver effectively destroyed? .....of will it be recovered and fed back into the system

 

[Voodoo]

Solar panels are not recycled. It's not economical at $25 silver. Not sure where it might but they haven't even developed the process or science as far as I can tell.

Noticed a math problem above. It says 10,425 grams and the math was right but that should be label 10,425 kg of silver.

 

[pmbug]

I went back and revisited Ronan Manley's report (cited in post #9) to compare his numbers against the latest data.
...

Update:

• LBMA - As at end March 2024, ... There were also 25,612 tonnes of silver ... SLV report for 11 April claims 334.8 moz vaulted in London. That leaves a total of 568.6 moz of silver in the London vaults not owned by ETFs. This compares to 595.87 moz reported at the end of January.
• COMEX - As of April 10, 291 moz registered + eligible - 103.1 moz owned by SLV = 187.9 moz not owned by ETFs. This compares to ~173 moz reported at the end of January.
• SFE/SGE - As of April 11 (roughly - SFE is exact, SGE number is from week of April 1-5), 2,530,760 kg or 89.2 moz. This compares to 78.5 moz reported at the end of January.

The west has roughly 756.5 moz vaulted at LBMA + COMEX not owned by SLV. Total global including China is ~845.8 moz

The LBMA is down ~1000 tonnes (35.27 moz) from end of January. SLV lost about 8.7 moz.

The COMEX is up 15 moz from end of January. SLV is about the same for the New York vault.

 

[pmbug]

On the heels of 2022’s record use of silver in industrial applications, a new record high was set in 2023 at 654.4 million ounces (Moz). Ongoing structural gains from green economy applications underpinned these advances as they did in 2022. Higher than expected photovoltaic (PV) capacity additions and faster adoption of new-generation solar cells raised global electrical & electronics demand by a substantial 20 percent. At the same time, other green-related applications, including power grid construction and automotive electrification, also contributed to the gains.

Overall, silver demand exceeded silver supply in 2023 for the third consecutive year, resulting in a structural market deficit of 184.3 Moz.
...

Silver Industrial Demand Rose 11 Percent to Post A New Record in 2023 |

www.silverinstitute.org

 

[pmbug]

I have not checked his work, but Bix says the Silver Institute is fudging numbers.

 

[Voodoo]

I mean Bix couldn't possibly have thought they'd do anything but Lie, cheat, and Steal. It is nice he is showing us how in our face they do it and no one calls them out.



Those are very Spot on lyrics. Thought we might need the actual song though.

 

[Viking]

Silver Industrial Demand Rose 11 Percent to Post A New Record in 2023 |

www.silverinstitute.org

That was me again. I am starting to run out of room though.

 

[rblong2us]

That was me again. I am starting to run out of room though.

You can have all of mine when I finally break even

 

[Peter89]

thank you India!