Silver price rebound is possible due to Japan’s alternative energy search. Since the advent of the Fukashima nuclear power plant disaster, Japan has shied away from nuclear energy options. In an effort to replace nuclear power generation plans, Japan is actively seeking green alternatives to nuclear energy generation. Solar energy seems to be the most viable current answer.
As the island nation considers its energy options, Japan has set a price for solar energy that is fully three-fold the cost of power produced by conventional methods. Estimates by Bloomberg indicate that the new tariff is capable of generating nearly ten billion dollars in solar investment. China ranks first, in global solar investment, with Germany in second place.
The effect the increased Japanese tariff will have on worldwide silver demand and consumption could be significant. As the use of silver in solar applications surges, greater industrial demand leaves silver price valuations poised for rebound.
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