Silver Gains New Status:

Silver, which has always been seen as a precious metal, is now becoming even more important due to its industrial and strategic uses. According to the US Geological Survey (USGS), silver has been added to the 2025 list of critical minerals. This shows that silver is no longer limited to ornaments but is also vital for technology, renewable energy and electronics.

Silver Gains New Status:

More than 60% of global silver demand now comes from industries. Silver is widely used in making solar panels, semiconductors, batteries, and electric vehicles (EVs). Because of this, demand is growing very fast, while mining and supply have not increased much. In the last few years, silver production has remained almost the same, and underground reserves have started to shrink. This shortage is making the market tight and prices unstable.

Recent global trade tensions, including tariff policies introduced during Donald Trump’s presidency, have also created uncertainty in the silver market. While the United States has built up large silver reserves, there is a shortage of physical silver in the London market. Due to strong demand from India, supply in London vaults has fallen and leasing rates have risen sharply.

Experts like Matthew Piggot from Metals Focus believe that the silver market will remain volatile. He says that until supply balances improve, prices will continue to fluctuate. In the long term, the solar energy sector might be the most affected because silver accounts for nearly 15% of the cost of solar panels. If prices rise further, manufacturers may shift towards copper as an alternative.

Although silver prices are currently stable, its growing industrial importance and recognition as a critical metal could transform the global supply chain. In the coming years, silver’s market direction will depend on technological innovation, trade policies and renewable energy growth.

Also Read:Top 10 Things to Declutter Before 2026 Begins

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