Loading ...Silver industrial demand will continue to grow despite high prices!
 |
With prices above $60 an ounce, many speculate that industrial demand for silver will fall due to substitution. However, the Silver Institute projects industrial demand will rise as offtake from vital technology sectors accelerates over the next five years.
“Silver will remain an essential component across multiple high-growth sectors as industries race to embrace digital innovation and meet clean energy mandates.”
Along with green energy initiatives, including solar power and electric vehicles, AI infrastructure is expected to use increasing amounts of silver.
Last year, industrial demand for silver hit the highest level on record.
According to the Silver Institute, industrial demand will soften moderately this year, declining by about 2 percent due to “global economic uncertainty stemming from tariff policies and geopolitical tensions, as well as a more rapid pace of thrifting due to soaring silver prices.” However, despite the modest drop in demand, 2025 will still likely come in with the second-highest silver industrial offtake on record, and it is expected to continue growing in the near future.
|
|
|
|
|