Silver is one of the most important metals in the world, and its value goes beyond just being a store of wealth. For over a decade, the global silver market has been in a supply deficit, meaning demand has outpaced production. With its durability, reflectivity, conductivity, and malleability, silver is critical to industries shaping the future.
Key Drivers of Silver Demand
- Coinage & Investment: Since 2007, demand for silver coins and medals has risen by more than 170%. Silver bullion remains a core investment option, though sales softened in 2017.
- Technology: Silver’s conductivity makes it essential for phones, computers, microprocessors, and car batteries.
- Solar Energy: Between 2016 and 2017, the solar industry grew 50% globally, heavily reliant on silver in photovoltaic cells. Medical: Silver is increasingly used in medicines, medical devices, and new healthcare technologies.
- New Applications: Beyond traditional uses, silver plays a role in water purification, aerospace, and broader clean energy solutions.
Takeaway:
Silver is both a traditional investment asset and a modern industrial necessity. With rising demand from technology and renewable energy, alongside its role in investment markets, the outlook for silver remains strong.