Silent Outshining: Understanding Why Silver Has Been Surging More Than Gold

In the often-volatile world of precious metals, gold often grabs the headlines. However, there’s another metal, silver, that’s been quietly outshining gold in recent months. While the rise in silver prices has several contributing factors, two have stood out. nn Firstly, industrial demand. Unlike gold, silver has many industrial applications, and as global economies recover from COVID-19, demand for silver in sectors such as technology and renewable energy has surged. nn Secondly, investment demand. Much like gold, silver is also seen as a ‘safe haven’ investment. With uncertainty lingering in global markets, many investors have diversified their portfolios, resulting in increased demand and consequently higher prices for silver. nn While the spotlight often shines on gold, the recent surge in silver prices serves as a reminder that precious metals extend beyond the realm of gold. Read More