In a stark projection, industry experts warn that silver inventories are on the brink of depletion by 2025, driven by surging industrial demand. This development could have far-reaching implications for markets, investors, and industries reliant on the precious metal.

Rising Industrial Demand

Technological Advancements: The demand for silver in various high-tech industries is skyrocketing. Sectors such as electronics, photovoltaics (solar panels), and automotive are major consumers of silver, utilizing its exceptional conductivity and reflectivity.

Solar Power Surge: Solar energy continues to be a significant driver of silver demand. Each photovoltaic (PV) installation requires substantial amounts of silver. With global PV installations expected to hit 660 GW by 2024, the pressure on silver supplies is intensifying.

Electric Vehicles (EVs): The shift towards electric vehicles is another critical factor. Silver's usage in EVs, from battery systems to complex electronics, is expected to grow exponentially as the market for EVs expands.

Military Use as a Key Factor

Defense Technology: The military's demand for silver is another significant contributor to the depletion of inventories. Silver's use in advanced defense systems, including weaponry, communication devices, and surveillance equipment, is crucial due to its superior electrical conductivity and resistance to corrosion.

Aerospace Applications: Silver is extensively used in aerospace for its reliability and efficiency in critical components. As global defense budgets expand, the military and aerospace sectors are expected to consume increasing amounts of silver.