What can push silver price to all time highs? Will the new silver batteries cause a price hike?
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In this video I talk to a bullion dealer about the new solid state batteries which are made with silver and how these could change the game for silver. These batteries use 1 kilo of silver each and could possibly be put into every single electric vehicle produced in the future. The batteries would eat up nearly every ounce of silver mined for an entire year. I ask this bullion dealer what that would do to the price. Would these big companies be able to manipulate the price of silver lower? Would the price of silver have to go up because of this massive increase in silver demand? These batteries are not supposed to come out for a few more years so we may still have some time to buy silver before the price spikes. What do you think will happen to silver price? Feel free to check out more Harry's Coin Shop videos below:
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