Silver is outperforming gold due to increased demand from various industries, suggesting a positive outlook for silver.
From Morningstar: 2025-07-01 04:25:00
- As gold reaches a plateau, silver is outperforming due to increased demand from solar panel and EV industries. Inflows into precious metals ETCs are strong, with silver-focused ETCs attracting EUR 600 million in June. Gold and silver ETF bullion holdings are below 2020 peaks, leaving room for growth.
- The gold-silver ratio currently stands at 91, with silver appearing undervalued compared to gold. Silver’s industrial uses, especially in green tech and EVs, are expected to sustain demand. However, increased political tensions may favor gold over silver in the short term.
- Silver is both a precious and industrial metal, integral to various sectors like green tech, electronics, and medical devices. Over 70% of silver is mined as a byproduct, keeping prices above production costs. Rising capital costs and supply scarcity may impact the long-term outlook for silver.
Read more at Morningstar: With Gold at Record Highs, Will Silver Rally Next?