Over the years, the difference between the prices of gold and silver has varied significantly. However, this trend could intensify further if a technological breakthrough makes silver a highly sought-after metal.
Now we will tell you that such a breakthrough, if Samsung engineers succeed, they will change the prices.
Samsung is developing a new solid-state battery using silver as a key component that will nearly double energy storage density and cause a global surge in silver demand. A solid-state battery is an electric battery that uses a solid electrolyte between the electrodes for ionic conductivity, rather than liquid or gel-like polymer electrolytes. This means that demand for silver is likely to increase soon. “The key factors that will increase demand for electric vehicles are driving range, charging time, battery life and safety. Samsung’s new solid-state battery technology, which uses a silver-carbon (Ag-C) composite layer as the anode, is an example of this advancement,” said retired investment professional Kevin Bambrough. Silver’s exceptional electrical conductivity and stability are used to improve battery performance and longevity, delivering astonishing figures such as a 600-mile range, 20-year lifespan and a nine-minute charge. Bambrough noted that while official data is not currently available, estimates indicate that Samsung’s solid-state batteries could contain up to five grams of silver per cell, meaning “a typical EV battery containing around 200 cells, with a capacity of 100 kWh, could require around one kilogram of silver per vehicle.” “Given that global vehicle production is around 80 million units per year, if 20 percent of those vehicles (16 million EVs) were equipped with Samsung solid-state batteries, annual silver demand would be around 16,000 metric tons,” Bambrough noted. “This would represent a significant portion of current global silver production, which is approximately 25,000 metric tons per year, indicating a significant impact on the silver market.” This points to higher silver prices. Bambrough noted that silver is already in short supply as industrial demand from solar energy drives overall annual consumption outstripping supply. “To me, this is just another reason to expect silver markets to tighten [further] and for silver to reach an all-time inflation-adjusted high of $200 an ounce, which is likely to be the case for the next 10 to 15 years,” Bambrough said.
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