Alongside gold, silver is one of the most sought-after precious metals, both as a physical investment and in the jewelry industry. However, industrial applications account for the majority of silver demand.
More than half of the silver mined is used in industry, including for the production of coatings and catalysts. In medicine, silver is used to coat endoprostheses or to produce dressings. This precious metal is also very important as an investment in fixed assets and in the jewelry industry. In the photovoltaic industry, silver is used to produce solar modules.
Why can silver be an interesting investment?
- As one of the largest producers and a leading importer of silver ore, China plays a key role in the global silver market. Thanks to its large processing capacity, the country is also the most important exporter of processed silver. Other countries are becoming increasingly dependent, and export restrictions could threaten the global market.
- Silver is valued as an investment and in jewelry, and is also important in the electronics and solar industries.
- Growing global demand for silver is offset by a decline in supply, and the silver market has been in deficit for several years.
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