Silver Continues to be Extremely Bullish
Source: Seeking Alpha (6/3/07)
According to a recent report from NanoMarkets, a leading industry analyst firm based in California, the market for silver conductive inks is expected to rise from the current 176 million dollars per annum to 1.2 billion dollars during next 7 years.
In addition, silver is the material of choice for RFID antennas, and the printing of RFID tags to be used on an ever-increasing number of items, including food packages. Key findings from the report can be found on their NanoMarkets website...
The majority of uses for silver does not allow for recovery, since only small portions are being used in each application. Computers, cell phones, T.V.'s, fridges, batteries, weapons, and now ink and RFID applications, each use a tiny amount. However, multiplied by large quantities, this ever increasing use is causing a constant drain on the remaining silver stocks.