Published On: 06-26-2011 09:17 PM
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This week there were even more severe price movements in silver. Especially on Thursday gave the price to clear again and slipped below the 35 dollar mark. Compared with the high of nearly $ 50 is the low - but compared with the price of 12 months ago is still very high. At that time the price of silver after all, nearly 75% listed below.



Similar to the gold of the increased use of silver as a hedge against inflation caused an increasing demand. But there is still a big difference: Silver is also used heavily in industry. And here is the higher price had a significant impact on the producers.



An example is the solar industry. Already, it is extremely difficult for companies to reduce the cost continuously in order to compete with lower subsidies and fossil energy carriers. Thus, this year dropped the price of solar panels by about 27%. Basically, the price would be even more pleased if would not need 20 grams of silver per panel. In June, the price per watt for solar panels, declined, according to estimates of market experts from New Energy Finance, to 1.49 dollars. In January, the comparable figure was still $ 1.80.