Demand for Silver Nanoparticles Set to Explode
As technology advances and companies around the world look for new medical approaches to diseases and research solutions, silver nanoparticles have found fertile ground to quickly become the hottest thing in the silver market.
Silver has historically been one of the most trusted commodities when it comes to investing and hedging for losses, but it has quickly become so much more than that. Silver can save lives, and the demand for silver nanoparticles is set to rise by more than 400% over the next eight years.
Silver in the Times of Corona
The Covid-19 pandemic has reshaped different industries, markets, governments, and normal people as a result of social distancing and other restrictions placed to reduce the risks of infection.
While most media outlets and experts are focusing on the negative impacts the virus had, the opportunities that the crashes caused by it are usually not talked about.
Here at Liemeta, we specialize in providing our clients with great precious metal buying options, and a depth of industry knowledge. The silver supply is primed to come under pressure in coming years, and the move to integrate silver into the medical field will only add to this supply crunch.
If you want to learn more about what we do at Liemeta, please contact us for more information about how we can help you enter the precious metals space.
A Rush to New Ideas
It is true that both the pandemic and its handling harmed the global economy, it is also fundamental to discuss the doors that are opening as the world continues its fight to return to normality.
Consumers and enterprises have started to get used to the new normality we are living in today as well as found ways to work around the challenges they face.
The end of the chaos period is getting closer by the second and those who are ready will benefit greatly from investing now.
Silver Nanoparticles are Hot
Experts expect the silver market to keep growing over the next years as industries around the globe continue to recover and technological advancement takes place.
One of the latest applications that have played a crucial role in the success of silver investments is the use of silver nanoparticles in the medical fields
While these particles have multiple applications in the textile, biomedical, and electronic industries, the one that has gotten the most attention in recent months has been in the medical field.
Silver nanoparticles have been known to have antimicrobial, anticancer, larvicidal, catalytic, and wound healing characteristics, but in recent months have started to be used in experimental Covid-19 and antiviral treatments by companies like CollPlant.
These new applications and the economic recovery have resulted in forecast predicting a compound annual growth rate of 15.7%, allowing the silver nanoparticles market to reach
$4.1 Billion by 2027.
This represents a growth of over 400% when compared to the $792.1 million it had in 2014 and the predicted $2.54 billion in 2022.
These predictions reflect the enormous potential of a growing niche in the medical field and silver market, which is just a small piece of the whole catalog of application silver has and those who take advantage of it earlier are sure to benefit the most.
An Already Tight Market
The silver surplus for 2020 is projected to come in at just 15 million ounces of the white metal, which is the lowest in five years. China has also been racing to secure physical supplies of silver, which may become a new trend and nations look for alternative assets to Western fiat currencies.
Ongoing economic shocks have not been positive for silver mine production, which was only forecast to rise by 2% in 2020. If there is a large new market for silver, the price will have to rise to compensate for the lack of excess supply in the marketplace.
The Silver Lining of 2020
Silver has several industrial applications in electronics, soldering, medical equipment, photography, water purification, and many more.
Given these demand factors, its price suffered a severe drop back in March when supply chains broke, demand decreased, and companies around the world had to halt their operations.
It would be on March 18 when silver would reach its all-time low in the last year at $11.74/Oz, just to steadily start climbing as new investors poured in to use it as a hedging tool.
Since then, Silver experienced a constant recovery getting close to a value of $30 after starting the year at $17, a performance that few commodities have been able to match.
While 2020 was a rocky start for silver investors, those who were patient or courageous enough to invest when its value dropped, have seen a great return on their investments that is likely to continue.
