Pan American Silver provides enhanced exposure to silver through large silver reserves and catalysts to grow silver production.
Industrial demand for silver is growing. Silver has the highest electrical and thermal conductivity of all metals, making it an important metal in the global transition to a low-carbon economy and electrification.
Approximately 10% of the global silver supply is currently being used for building photovoltaic panels for solar power generation, while another ~30% is being used in other electrical applications, such as the increase in electrical componentry for electric vehicles.*
Silver is also a key component in the buildout of 5G networks, the next major evolution in communication technology, as well as having medical and sanitary applications because of its anti-bacterial properties.
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As a precious metal, silver is valued by investors as a safe-haven investment, providing portfolio diversification when the broader economic environment weakens.
The Silver Institute publishes the World Silver Survey, providing annual supply and demand statistics on the silver market.
A report from the World Bank indicates silver is expected to be one of the critical metals needed for the transition to a low-carbon future.
* Source: Silver Institute, November 18, 2022
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