Our motor vehicles are becoming more and more computerized, and silver plays a vital role in their operation. Over 60 million ounces of silver are used annually in motor vehicles. For example, every electrical connection in a modern car is activated with silver-coated contacts. Starting the engine, opening power windows, adjusting power seats, closing a power trunk and important safety features are all accomplished using a silver membrane switch.

Automakers today are increasingly relying on silver to enable the vast technological advances incorporated into modern vehicles. This has resulted in another powerful demand center for silver, with projections of nearly 90 million ounces (Moz) of silver absorbed annually in the automotive industry by 2025.

To provide a better understanding of silver’s important function in the automotive sector, see our report entitled, “Silver’s Growing Role in the Automotive Industry.” The report examines trends in automotive production, including the evolution of hybrid and battery electric vehicles. It also addresses transportation policies that favor vehicle electrification in some of the world’s most important vehicle markets. The report provides an analysis of silver automotive demand in a range of vehicles and the growing importance to silver demand of ancillary automotive services. The report concludes with an assessment of current and forecasted silver demand in automobiles through 2025.