About 50 years ago, about 40 percent of the silver used in industry went to photography.
In 2000, photography consumed more than 218 million ounces of silver, which was the highest consumption in this sector and about a quarter of the total silver demanded by the industry. In 2020, the industry consumed a total of nearly 900 million ounces, of which only nearly 30 million ounces of silver were used for photography. The recording of images with cameras was characterized by the use of silver for more than 100 years. Today, this has changed thanks to digital cameras and good cell phone cameras. Still, as the World Silver Survey explained, last year the photography industry’s demand for silver increased by three percent. Hobby photographers and photo books produced on traditional silver halide are responsible.
Today, the largest demand for silver comes from the electronics, automotive, 5G semiconductor, and flexible and wearable electronics sectors. Mechanical microsystems are also included, as are consumer electronics (wearables, laptops, smartphones, displays). Silver is often used in electronic contacts, antennas or wiring. In addition, there is the medical sector, which uses silver. Solar technology cannot do without the precious metal, nor can nanotechnology. In the photovoltaic sector in particular, demand should expand strongly in the coming years. Companies with silver in the projects such as Discovery Silver or Summa Silver should profit from this.
Summa Silver – https://www.youtube.com/watch?v=wBhwyFLRSV8 – owns a 100% interest in the Hughes property in Nevada and rights to the Mogollon property in New Mexico, both previously successful producing properties.
Mexico is home to Discovery Silver’s – https://www.youtube.com/watch?v=MgDgfmsT5UU – large Codero silver project. The results of the pre-feasibility study are extremely positive.
Current corporate information and press releases from Discovery Silver (- https://www.resource-capital.ch/en/companies/discovery-silver-corp/ -) and Summa Silver (- https://www.resource-capital.ch/en/companies/summa-silver-corp/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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