Technical: COT Report: 05/14/24 - we received the highest net positions of the 26 week at -81,422
Key Drivers of Silver Demand: Fundamentals
Semiconductors: Silver's conductivity makes it essential in semiconductor chips, printed circuit boards, CPUs, and mobile phones. The global semiconductor shortage has highlighted silver’s irreplaceability in electronics. IoT Devices: Silver is crucial in the electricity transfer for IoT devices and 5G technology. Demand for silver in these areas is expected to increase by 200% by 2030. Cabling: Silver is used in high-performance wires and cables for applications like recording studios and aerospace, where its conductivity outperforms copper. Water Purification and Filtration: Silver's antibacterial properties are used in water filters, food packaging, refrigerators, and pool filtration systems. Medical Applications: Silver’s antibacterial properties are utilized in medical bandages to prevent bacterial infections and improve healing times in burns and wounds.
Summary: Recent downtrend following the Swiss Bank's interest rate reduction from 1.75% to 1.50%. Signs of potential CHF strengthening post Non-Farm Payroll week.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.