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The rising demand for silver in 2020 from multiple avenues has been the key driver for the stock. With numerous start-ups emerging in the electric vehicle (EV) space, as well as rising demand for semiconductors, silver has accrued significant demand from the industrial sector even amid the pandemic. With the EV companies expanding their product portfolio to attract customers in a highly competitive market, as well as semiconductor factories operating at full capacity, the demand for silver is projected to keep rising in 2021.
Here’s what could drive SBSW’s performance in the near term:
