Page 25 - Bullion World Volume 5 Issue 04 April 2025_Neat

Bullion World | Volume 5 | Issue 04 | April 2025

Silver is a ‘dual’ metal. It is a to triple its domestic chip making recovering industrial activity will
monetary asset like gold and an capacity by 2032. Similarly, solar provide additional support. Silver’s
industrial metal like copper. A strong panel installation will continue industrial consumption could sustain
rise in silver demand has come to support industrial demand for near the historically high levels of
from industrial applications, such as silver and has been a cornerstone 720 million ounces this year. The
the energy transition, 5G and other for incremental growth in silver market may remain undersupplied
advanced technologies. The metal is demand the past few years. Silver by about 180 million ounces in 2025.
uniquely positioned to benefit from offtake from the solar sector has
both growth in traditional electronics seen a staggering annual average These factors make a compelling
and growing investments in artificial growth of 16% since 2015. While investment case for silver; and strategic
intelligence, data centres and this growth estimated to slow down, investment or ETFs could turn positive,
renewables. the sector continues to make up as has been the case in past rallies.
20% of total demand. Even a modest increase of 45 million
Electronic sector growth has been ounces in silver ETF holdings this year
strong. Semiconductor sales growth Industrial demand for silver grew in could push silver prices above USD38
hit 19% in 2024. This pace of growth double digits despite China growth per ounce, up 13% on the spot price.
can continue with the US projected concerns in 2023 and 2024. China’s (Word count 720)

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