The rapid expansion of the electric vehicle industry is driving up the demand for precious metal silver. Especially in the design of 48V system electric vehicles, silver is irreplaceable, ultimately due to the laws of physics.

When voltage drops to 48V, copper's conductivity has obvious safety shortcomings, and silver is the only reliable choice. This is not a cost consideration, but a technical bottom line. Each vehicle based on this standard requires 30-50 grams of silver. It may seem not much, but when future millions of electric vehicles are on the road, the total demand for silver will reach an astronomical number.

Even if the price of silver skyrockets tenfold, the cost increase per vehicle will not exceed 2%—this data means that price fluctuations have minimal impact on the entire industry chain, and silver will not be replaced due to cost considerations.

More importantly, electric vehicles are just the tip of the iceberg in terms of silver industrial demand. Photovoltaic new energy panels, AI chips, aerospace components, semiconductor manufacturing, quantum computing devices—these cutting-edge technology fields all have rigid demand for silver. From conductivity, reliability to durability, no other metal can comprehensively replace silver's position.

This explains why the upward momentum of silver prices is driven not only by investment speculation but more importantly by real industrial upgrades and technological iterations. As long as emerging industries continue to expand, industrial demand for silver will flow continuously. Market fluctuations may occur, but the long-term trend has already been determined by the broader direction of technological progress.