"The energy transition has led to a sharp increase in demand for silver"

Another aspect is the limited supply, mainly due to shortages in mine production and recycling, which do not seem to meet the growing demand. The total demand for silver is expected to increase significantly in the coming years, at the same time the supply will decrease somewhat.

Economic factors also play a major role.

Silver to an all-time high in 2025?

If silver can continue its upward trend and also break above the highs at $35+, then record prices seem to be in the offing. Above $35.40, silver has room to rise towards $44 (peak August 22, 2011) and eventually the all-time high is at 49.81 (peak April 2011).

However, the silver market is relatively small, and when more investors enter, the price can rise quickly,” The jump to the 2011 record is a good example of this. “In the summer of 2010, the silver price was still around 18 dollars per troy ounce, but within eleven months it shot up to 48 dollars.

Silver has made a remarkable advance this year, with a price increase of more than 31 percent. That outpaced gold, which rose 28 percent. AD October 2024

The demand for precious metals as a hedge against inflation has historically been highly correlated. In addition, expected interest rate cuts in the US could

investment interest in silver will increase in the second half of 2024. The uncertainty caused by the war in Ukraine and the Middle East is also contributing to a higher demand for safe havens such as gold and silver.

The silver market has been in a silver shortage since 2021. Demand exceeded supply by a whopping 237 million ounces in 2022. Last year, there was a shortage of 184 million ounces, according to the Silver Institute. Based on expected demand and expected supply, the industry association has calculated that the shortage will be around 215 million ounces in 2024.

The silver shortages are therefore structural. The demand for silver comes for roughly 60% from industry, especially for use in solar panels, telephones, laptops and electric cars. Due to the energy transition, the demand for these products has increased significantly and this will only increase