The Many Use Cases for Silver Part I: Electronics, Energy, Soldering, Chemicals, Photography

JP Buntinx
July 31, 2020

Unlike gold and most other precious metals, silver has plenty of industrial use cases. More importantly, these use cases are quite varied. It is thanks tot his aspect that demand for silver hasn’t diminished all that much due to COVID-19

Silver in Electronics

The primary use case for silver can be found in the firm of electronics. The metal has thermal and electrical conductivity benefits not found in most other metals. Nearly every electrical switch on the planet has a small quantity of silver to join and separate contacts accordingly.

Most of the electronics containing silver quantities are found in cars. Automobiles have numerous contacts controlling electronic features. The same goes for nearly all consumer appliances one can think of today. This is the primary use for silver in everyday life, and one that continues to fuel demand for this metal accordingly. 

Silver in the Energy Sector

Renewable forms of energy introduce another use case for silver. More specifically, solar panels require silver paste contacts to capture and carry electrical current. Combined with the reflective nature of silver, it is possible to reflect solar energy into collectors to generate electricity. 

For those familiar with nuclear energy, the control rods in power plants often contain silver. This allows for the capture of neutrons and slowing the fission rate in nuclear reactors. Anyone who has seen the Chernobyl series will know how important these processes are. 

Soldering Benefits From Silver

Most people may not be aware of the use of silver in soldering. Creating joints between metal pieces is achieved by using this metal. It is worth mentioning that this process doesn’t require the purest of silver, allowing for the use of metal otherwise discarded as scrap. 

Chemicals and Silver

It is interesting to note how one can use silver to create not one, but two chemicals. Both formaldehyde and ethylene oxide are created with this precious metal. In turn, they are used for flexible plastics, antifreeze, solid plastics, protecting coating, disinfectant, and so forth. 

Photographers and Silver

In the world of photography, there will always be a demand for silver. Although digital media has taken over from traditional film photography, there is still a market for the latter. Silver halide crystals found in camera film will affect the light sensitivity of the photograph. A very similar process is also used in X-Rays, among other things. 

Easily open your Swiss tax free gold vault in under 6 minutes

It’s Free to open a Swiss vaulting account, you can buy and sell gold directly to it instantly.

0 Comments

Trackbacks/Pingbacks

  1. The Many Use Cases for Silver Part II: Engines, Hygiene, Mirrors and Windows, Dental Fillings, Bar9, Simple Wealth Protection - […] the centuries, silver has found a use in many different segments and industries. Some of these are still viable…

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Silver Bug Profile: James Turk

Ever since retiring from his last position in 1987, James has been able to keep himself busy. Not only has he worked on The Freemarket Gold & Money Report, but also wrote several books.

Gold Bug Profile: Howard S. Katz

Even though Katz is rightfully called an early gold bug, it is evident that he was all too aware of how the markets evolved at any given moment.

Gold and Silver Futures Turn Bearish as International Demand Weakens

Some analysts expect a new all-time high for gold later this year, although there will be some volatility to contend with before that happens.

Gold, Silver, and Crypto Markets Seem Poised for a Massive Bounce

For companies that are publicly traded – and often work over the weekend – having 24/7 exposure across the markets would be ideal.

Welcome To The New Bar9 Rebranding

To all Bar9 customers, I'm proud to announce the rebranding of Bar nine and a whole new informative front end. As we move into 2020 Bar9's mission is to make it easier for anyone to move in and out of physical hard assets and become a little more bank independent. The...

Fortuna Silver Mines Notes Steep Silver and Gold Production Decrease in Q1 2020

More specifically, the production of both lead and zinc has increased by 8% and 5% respectively. This is a somewhat unexpected “bonus” for this mining operation.

Gold Bug Profile: Eric Sprott

It is also worth noting that Eric Sprott sold his first company – known as Sprott Securities – back in 2011. Interestingly enough, the company was purchased by other staff members.

Gold Bug Profile: Peter Thiel

Since his tenure at PayPal, Peter Thiel has made a lot of headlines due to his investments. More specifically, he is an active VC for tech companies in their early stage of development.

Gold and Silver Bounce Back as Stock Markets Continue to Struggle

Although the markets aren’t out of the woods yet, things are looking better. There is some positive momentum all around, for a change.

Gold Bug Profile: Ben Davies

Ben Davies is the co-founder and CEO of Hinde Capital. Founding this company came after building up over a dozen years of experience in financial and commodity markets.

Silver Bug Profile: Juerg Kiener

These days, Kiener is primarily involved in management resources mandates for SAC, with a strong focus on institutional clients and wealthy individuals.

Gold Bug Profile: Thomas Kaplan

The first link with precious metals became apparent in 1993. At that time, Kaplan founded Apex Silver Mines, taking up the role of chairman and chief executive officer.

Silver Bug Profile: Stewart Thomson

Many people keep an eye on the precious metals markets, as those segments have tremendous profit potential. Stewart Thomson can be classified as a silver bug, primarily because he expects things to head in a very promising direction.  Who is Stewart Thomson?...

Gold Bug Profile: Alan Greenspan

There are many pathways in life which can influence the future of one’s existence. For Alan Greenspan, one pathway of particular influence is called Objectivism.

The Silent Thief: How to Protect Savings from Inflation

How can you protect your savings from inflation? Horror stories of the prices of bread and milk spinning out of control have fixed the concept of inflation firmly in the public imagination. These hark back to the worst cases, like in the Weimar Republic where shoppers...

Silver Bug Profile: Ralph Aldis

Ralph Aldis has also been named twice as a US Metals and Mining “TopGun”. This title is “awarded” by Brendan Wood International every single year. He is also the Best Americas Based Fund manager in 2016, awarded by Mining Journal.

Silver Bug Profile: Peter Leeds

Similar to his opinion on gold, Leeds is very hopeful when it comes to silver. In fact, he considers it to be the top investment for 2020 and possibly beyond,

The Silverites: Advocating for Silver to Become the Unit of Money in the US

The best way to get something done in the United States is by leveraging one’s political position. The Silverites certainly explored that angle quite well.

Coronavirus-Infused Market Volatility is Bound to hit Australia and New Zealand

It now seems that Asian markets are recovering a bit. It is still too early to determine if the coronavirus crisis is under control in that part of the world.

Indian Officials Confiscate 9.3kg of Gold From Smugglers

What is rather interesting is how all of these bars have forged foreign markings. The objective of the individuals was to sell it in Mangaluru and districts of North Karnataka

Translate Blog Post

Article Categories

Blog Stats

  • 118,168 hits

Follow the CEO on Twitter

%d bloggers like this: