Silver prices are currently near multi-year highs, driven by supply shortages, strong demand in industries, and heightened geopolitical tensions, particularly due to the conflict between Israel and Iran. This situation is fostering safe-haven buying as investors seek stability amidst uncertainty. Predictions indicate a 3% rise in industrial silver fabrication by 2025, exceeding 700 million ounces. Solar energy and electronics are projected to sustain long-term demand, despite a stable total demand forecast of 1.2 billion ounces. The silver market may face its fifth consecutive annual deficit, suggesting continued positive sentiment, though investor caution before the Fed's policy meeting could influence future price movements.
Silver's strong performance is tied to ongoing supply shortages, robust industrial demand, and heightened geopolitical tensions, particularly the conflict between Israel and Iran.
The forecasted rise in industrial fabrication, surpassing 700 million ounces by 2025, indicates a sustainably positive outlook for silver driven by sectors like solar energy.
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