Silver Nitrate Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Silver Nitrate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Silver Nitrate Price Trend for First Half of 2023

Silver nitrate is light-sensitive and helps in the generation of images, and thus, it is used in the creation of photographic films and sheets. Because of its antibacterial qualities, silver nitrate is utilized in wound care products within the pharmaceutical business. It is also used in the production of electrical conductors made of silver that are extensively used in the renewable energy sector.

Silver Nitrate Price Chart

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In the industrial production of silver nitrate, silver, and nitric acid serve as feedstock materials and thus dictate its price trend. In the first two quarters of 2023, the situation of the silver market remained uncertain as the market fluctuated extensively. The weak position of the US economy had an adverse effect on the prices of silver and, in turn, silver nitrate.

However, in the Asia Pacific countries, the prices of silver surged due to the rise in demand on account of the festival season. Further, the trade of silver nitrate has also benefitted from the rise in the production of solar panels, increased consumption of renewable sources of energy, and the advent of 5G services around the globe.

Analyst Insight

According to Procurement Resource, the price trend of silver nitrate are expected to fluctuate with the demand from the consumers and the rate of production.

Procurement Resource provides latest prices of Silver Nitrate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.