The new Samsung electric batteryAugust 23, 2024 The new Samsung electric battery consumes 32.2 ounces of silver per battery. Total demand of 16,000 tons or 466.7 mil ounces. That’s 58% of 800 mil/yr total silver production. Hope you’re not still short JP Morgan. Analyst Predicts Silver Prices Could Reach $200 Driven by Demand for New EV Battery Technology