Vehicle demand for silver is soaring. Whereas internal combustion engines need 15-28 grams of silver, EVs need double that amount at 25-50 grams per vehicle. Globally, EV sales are projected to rise dramatically. The Silver Institute projects a 50% rise in automotive silver demand, from 60M oz. currently to over 90M oz. in just 5 years. (Silver Consumption in the Global Automotive Sector to Approach 90 Million Ounces by 2025)
