Solar Panel Consumption Increasing!!!
Hello Friends
The News,
Changes to solar panel technology are accelerating demand for silver - Bloomberg July 3
Solar is still a fairly small part of overall silver demand, but it’s growing. It’s forecast to make up 14% of consumption this year, up from around 5% in 2014, according to a report from The Silver Institute, an industry association. Much of the growth is coming from China, which is on track to install more panels this year than the entire total in the US.
Technical Look On Silver
1) The Recent low of Silver was made at 67640 on 23 June,2023 and
Recent High was 70980 on 27 June, 2023.
2) The sellers tried to pull the candle down to make a new low, but failed to close below 50%(69300) of the previous swing
3) This shows that the Bulls are getting strong and news is also positive
We can accept a nice buying spree in Silver
Note : Please do your own fundamental and technical analysis before making any financial decision
The News,
Changes to solar panel technology are accelerating demand for silver - Bloomberg July 3
Solar is still a fairly small part of overall silver demand, but it’s growing. It’s forecast to make up 14% of consumption this year, up from around 5% in 2014, according to a report from The Silver Institute, an industry association. Much of the growth is coming from China, which is on track to install more panels this year than the entire total in the US.
Technical Look On Silver
1) The Recent low of Silver was made at 67640 on 23 June,2023 and
Recent High was 70980 on 27 June, 2023.
2) The sellers tried to pull the candle down to make a new low, but failed to close below 50%(69300) of the previous swing
3) This shows that the Bulls are getting strong and news is also positive
We can accept a nice buying spree in Silver
Note : Please do your own fundamental and technical analysis before making any financial decision
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