Pan American Silver provides enhanced exposure to silver through large silver reserves and catalysts to grow silver production.
There is a growing industrial demand for silver in the global transition to decarbonization and electrification, not in small part due to silver having the highest electrical and thermal conductivity of all metals, making it an important metal in the transition to a low-carbon economy.
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.
* Source: 2022 Silver Forecast, Silver Institute, April 20, 2022
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