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Sil stock price professional market commentary suggests
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Professional market commentary suggests SIL stock price could remain supported if silver maintains technical support above $23. Additionally, the global push for green energy, increasing demand in areas like 5G, a rebound in global computer shipments, the photovoltaics (PV) and automotive industries and new sources of demand for sensors used in IoT and OLED lighting will continue to boost silver demand. Silver is largely used for manufacturing solar panels and electric vehicles, and will play a key role in the shift to 5G wireless network technology. Global X Silver Miners. Breakout ahead? I'd say so. Looking through the Silver sector it has been a rough ride. If we can breakout it's clear skies and smooth sailing ahead. Options market activity hints at speculative positioning for upside.