 |
| Above, a 2023 American Silver Eagle coin. Photo by Armand Vaquer. |
The spot price of silver has reached a 14-year high in trading yesterday.
The rise in price is driven by industrial demand and other factors.
According to PRWeb:
LOS ANGELES, Aug. 18, 2025 /PRNewswire-PRWeb/ -- Silver prices have surged to their highest levels since 2012, nearly approaching the $40 per ounce mark. This remarkable rally highlights silver's growing importance as both an industrial resource and a store of value amid ongoing global economic uncertainties.
Experts say the key drivers of silver's momentum include:
Robust Industrial Demand: Nearly 60% of global silver demand now comes from industrial applications. Beyond traditional uses in electronics and manufacturing, silver is vital to rapidly growing industries, including renewable energy—especially photovoltaic (PV) solar panels—artificial intelligence (AI) components, and defense technologies.
Tight Supply: The boom in these industries has outpaced global silver production, creating a supply crunch that is driving prices higher. According to The Silver Institute, annual demand for silver rose from 993.3 million ounces in 2016 to 1.16 billion in 2024, while supply decreased from 1.06 billion ounces to 1.02 billion over the same period.
Market Headwinds: Heightened geopolitical tensions, trade uncertainties, and ongoing inflation concerns have added a safe-haven premium to precious metals, boosting silver prices alongside gold.
To read more, go here.
No comments:
Post a Comment