Video News/Green Rush

Silver is increasingly becoming an industrial and an electrical metal, says Matt Watson, founder of Precious Metals Commodity Management LLC. On March 27, Watson recorded an episode of Green Rush with guest Phillips Baker. Baker is president & CEO of Hecla Mining, the largest silver producer in the United States, and chairman of The Silver Institute. Baker agreed that silver is less a monetary metal, like gold, than it used to be. Nearly a third of the global silver supply, about 300,000 ounces, is now used for solar power. Watson noted both metals are facing a supply crunch.