Demand for silver is reaching new heights, driven by global decarbonization efforts, electromobility, and technological innovations. Experts from Metals Focus forecast a historic silver demand of 1.21 billion ounces for 2024, marking the second highest level in the history of this data collection.
Driving Forces Behind Demand
This rising demand primarily comes from industries such as solar photovoltaics, artificial intelligence hardware, and electric vehicles. The environmental trend and technological advancement together support the need for this precious metal, which investors interpret as a positive signal.
Supply and Market Balance
In contrast to the increasing demand, silver mine supply remains limited. This supply scarcity further intensifies the market deficit and exerts pressure on prices. For investors, this presents an attractive buying signal.
A noteworthy example is Silver Tiger Metals Inc. (WKN: A2P4YL), a company that directly benefits from the structural changes in the silver market. Due to its strategic positioning, it is seen as a promising addition to investor portfolios seeking to benefit from the silver bull market.
Electrification in Europe as a Catalyst
Moreover, the demand for silver is being amplified by the planned mandatory electrification in Europe. With the introduction of an electric vehicle quota of up to 75% for corporate fleets starting in 2027, the demand continues to rise. Every electric motor and every solar panel contains silver as a key element.
In summary, it can be stated that silver demand is reaching new record levels thanks to decarbonization and electrification in the EU, while supply cannot keep pace. This highlights companies like Silver Tiger Metals Inc. and makes silver assets an exciting investment for 2025 and beyond.