Key Takeaways:
- Samsung’s solid-state batteries could lead to a surge in silver demand.
- Investment opportunities in silver ETFs like SLV and SIVR are on the rise.
- China’s economic struggles continue to weigh on silver prices due to reduced industrial activity.
Samsung’s Silver-Based Batteries
Despite bearish sentiment, silver prices may rebound with Samsung’s innovative solid-state batteries in the electric vehicle industry. Each battery could include up to 1 kilogram of silver, potentially boosting global silver demand if 20% of vehicles adopt this technology. This surge in demand could raise silver prices and benefit investors.
Investment Opportunities in Silver ETFs
Silver ETFs like SLV and SIVR managed by BlackRock and abrdn PLC respectively offer opportunities for investors. SLV, with $13.57 billion in assets and a 23% year-to-date gain, remains popular due to its 0.50% expense ratio. On the other hand, SIVR has a lower expense ratio of 0.30% and has risen 22.8% year-to-date, although it sees less trading volume compared to SLV.
China’s Economic Woes
China’s economic struggles, as indicated by the manufacturing PMI, continue to impact silver prices negatively due to reduced industrial activity and demand for silver. While there was a slight improvement in the Non-Manufacturing PMI, the modest growth in the services sector does not fully offset the weaknesses in the manufacturing sector.