Won't be long before this little Silver Eagle I carry around in my pocket will be worth at least $100...

From

Silver demand from India's gigantic solar plant to exceed 20 million ounces a year

India is about to build the world’s largest solar plant in the northern state of Rajastan. The 4,000 megawatt capacity plant is expected to raise the silver demand in the country substantially. The annual silver demand from the plant is estimated at nearly 20 million ounces per year. In other words, the silver demand from photovoltaic (PV) cells will jump by nearly 40% from the 50 million ounces recorded in 2013.

According to estimates, the proposed solar plant will occupy 77 square kilometers of land that has already been earmarked near Sambhar Salt Lake. The cost of the project is estimated to be around $4.4 billion. A consortium of six state-owned energy companies is in charge of the construction activities. The estimated life of the plant is around 25 years.

India’s plans to make big investments in solar power panels may take the silver photovoltaic (PV) demand to record new heights. The big push in silver demand is expected to drive the grey metal prices to substantially higher levels in the years to come. The future of PV demand lies in emerging countries in the East such as China and India. Japan is also poised to make big leaps forward in use of solar energy, which in turn may accelerate demand growth and push silver prices higher.

This brief silver-related new item was posted on the scrapmonster.com Internet site early yesterday morning GMT. Once again I thank Ulrike Marx for digging it up on our behalf