According to a report released by the recently released global consultancy firm Silver Institute, the use of 5G technology is still in its early stages. And in the next few years it will replace 4G. Due to this, silver demand will be enough for 5G. The report has estimated that during the next 10 years, the consumption of silver in 5G technology and related devices will increase by 3.07 times. Currently, the demand for silver in the scale on which 5G is being used is 213 tonnes annually, which will be 652 tonnes by 2030.
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Silver demand will increase for next ten years
Sandeep Aggarwal, Co-Chair of Telecom Export Council Committee and MD of Paramount Cable, says that silver will be used as a connector in many devices of 5G. Since the number of towers in 5G will be in lakhs, more silver will be installed. But this will not happen immediately, but will take many years. Therefore, there will be a 10 to 15 percent increase in demand every year in the telecom sector.
5G usage will increase three times in 10 years
Currently there is an annual demand of 213 tonnes of silver in 5G technology which is 0.75% of the total annual global supply. The consumption of silver in a 5G device can reach 453 tonnes by 2025. This will account for 1.60% of the total annual global supply. However, by 2030, up to 652 tonnes of silver will be used in 5G. This will account for 2.30% of the total global supply annually. That is, the use of silver will increase about three times more.
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Silver is used in all these 5G devices
Instead of base stations, wireless broadband, new home devices, 5G smartphones, 5G antenna, radio frequency module, silver are used as connectors in optical transceivers. In addition, devices such as semiconductor, IC / chips, cabling, power distribution, MEM sensors and IoT devices also have silver.
Why is silver needed in 5G?
Telecom expert Neeraj Elia says that 5G technology will work to connect all types of electronic devices. In such a situation, the trend of Internet of Things (IoT) will increase during the next five years and connected devices will gradually become a part of everyday life. Silver plays the role of connector in these devices.
Last year, 45% return was received from silver
In the year 2020, due to the uncertainty caused by the Corona epidemic, investors invested in gold and silver as a safe option. Gold rose by about 28.24 percent in 2020. This was the most gain of the last eight years. Apart from this, silver also rose by 45.80 percent in the domestic market. This was the highest gain since 2010. According to a news from Financial Express, there is hope for better returns from gold and silver this year. Gold can get up to 33 percent return in 2021 this year and silver can get up to 21-33 percent return.
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