One of the main reason due to which Silver price is surging is huge demand of Samsung SDI’s new solid-state EV battery tech that uses significantly more silver than current batteries. Estimates suggest these batteries could contain about 5 g of silver per cell — roughly ~1 kg per 100 kWh EV pack.
If just 20% of global car production (~16 M vehicles/yr) adopts this tech, incremental silver demand could hit around ~16,000 metric tons annually. That’s ~64% of current global silver production (~25,000 t/yr).
$XAG is already at an all time high of $85
Increased industrial demand from next-gen EV battery tech — alongside existing uses in solar and electronics — is tightening supply and helping drive silver prices higher.
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