Silver prices have gained 3% this week, trading at $25.40 per ounce, as industrial demand for the metal shows no signs of slowing down. Silver’s unique properties, including high conductivity, make it an essential component in renewable energy technologies such as solar panels and electric vehicles. With the global transition to green energy accelerating, silver is emerging as a critical material for the future.
India has played a pivotal role in driving silver demand, with imports reaching record levels in 2024. Additionally, the US and Europe are witnessing a surge in silver usage, fueled by investments in clean energy infrastructure. Analysts anticipate that silver’s industrial demand will grow by 15% year-over-year in 2025, solidifying its position as both an industrial and investment asset.
On the investment front, silver-backed ETFs have seen a notable inflow of funds as investors diversify their portfolios. While silver tends to track gold’s movements, its higher volatility often offers more lucrative short-term trading opportunities. Experts suggest that if macroeconomic conditions remain favorable, silver could reach $28 per ounce by mid-2025.