Silver is one of the hottest metal!

One of the hottest metals right now is without doubt Silver. It is currently quoting at all time high of approx. Rs.95000/- per kg. So why is silver suddenly rising so much. Silver has high industrial usage. Two fastest growing sectors such as electric cars & hybrid cars depend heavily on silver. Electric cars contain between 30 to 50 grams of silver while hybrid cars use between 20 to 35 grams of silver. Another booming sector of solar power also uses silver in making photo voltaic panels in large quantities. Due to above reasons, lot of AMCs are coming up with Silver ETFs.