Silver's Ascendancy: Set to Outshine Gold in 2025
Silver is projected to surpass gold in 2025 due to supply deficits and increasing industrial demand. WisdomTree anticipates a 23% rise in silver's value, contrasted with gold's 17% gain. The demand surge is driven by developments in solar, automotive, and technology sectors, despite current market volatility.
- Country:
- India
According to a report from global investment firm WisdomTree, silver prices are expected to outpace gold in the coming year. The firm projects a 23% increase for silver, compared to gold's 17%, driven by continuous supply deficits and rising industrial demand.
Silver's supply shortage, now in its fifth consecutive year, is exacerbating inventory depletion. Meanwhile, industrial uses for silver, particularly in photovoltaic solar panels, 5G technology, and automotive electronics, are surging, with photovoltaic installations expected to reach new heights in 2025.
The push for higher-efficiency N-type solar cells, along with expanded data centers and AI applications, further boosts silver's demand. Additionally, the automotive industry's shift towards electronic components and battery infrastructure is likely to increase silver consumption, despite a recent contraction that allowed gold to edge ahead temporarily.
Reports indicate that the gold-to-silver ratio exceeded 90 earlier this year before declining, suggesting a potential upward momentum for silver. The metal's valuation in India remains affected by global economic conditions, currency fluctuations, and government trade policies, with prices reaching Rs 1,03,000 per kilogram. (ANI)
ALSO READ
-
African Venture Capital Gets a Boost as Oxford Programme Builds Investor Connections
-
Services Trade Hits $9.6 Trillion, Opening New Doors for Developing Economies
-
Lee Jae Myung's Diplomatic Milestones: Balancing Amidst Global Tensions
-
Canadian Trade Minister Heads to India for Pivotal Economic Talks
-
Japan's Economic Crossroads: Takaichi's Bold Moves Amidst Debt Concerns
Google News