Vital role of silver metal in 5G!
Recently, the Silver Institute published the report, ‘Silver’s Role In A Future 5g Connected World’ with the Precious Metals Commodity Management LLC. The report says 5G is not just an incremental improvement over 4 G; it is the next major evolution of mobile communication technology. It will massively improve download speeds and reduce latency, but more importantly, it will facilitate significant technological progress in a whole range of sectors, such as the Internet of Things and autonomous driving.
The electronic components that enable 5G technology will rely strongly on silver to make the global 5G platform perform seamlessly. In a future 5G connected world, silver will be a necessary component in almost all aspects of this technology, resulting in yet another end-use for silver in an already vast and versatile demand portfolio.
To better understand silver’s use in the next generation of 5G technology, the Silver Institute today released a Market Trend Report, entitled Silver’s Role in a Future 5G Connected World, authored by the research firm Precious Metals Commodity Management.
At present, 5G deployments is still in its early stages, and as such, 5G-related silver demand currently constitutes approximately 7.5 million ounces (Moz). With the rollout of 5G in the coming years, however, silver’s role in the electronic applications used in 5G is forecast to rise significantly to approximately 16 Moz by 2025 and as much as 23 Moz by 2030, which would represent a 206 percent increase over today.
For comparison purposes, in 2010, silver’s use in the once emerging photovoltaic industry was approximately 40 Moz, and by 2018 it stood at 80.5 Moz.
The report discusses the differences between 5G and the previous generation of digital cellular networks. It also examines the five significant technologies that make up the core of 5G technology, and the role silver will play in these technologies. Finally, it looks at the hardware needs and supply chain requirements, given the massive amount of financial capital required in the development and expansion of 5G networks.
