The global push towards renewable energy and electrification has made silver a critical input, particularly in photovoltaic cells, where usage remains difficult to substitute without compromising efficiency. This structural demand has lent durability to the rally, distinguishing it from purely speculative upswings seen in the past. Safe-haven demand, rising industrial usage and structural supply deficits mainly drive the prices, say market watchers. The rally is being driven by a powerful combination of safe-haven demand, accelerating industrial usage, and persistent structural supply deficits. In the immediate future, the silver market is likely to remain volatile as it digests recent gains and tests investor conviction at record highs.

Source: Indian Express December 29, 2025 07:45 UTC