Rising Global Industrial Demand Lifts Prospects for Silver

From etftrends.com

Industrial demand is growing exponentially for silver and that could continue in the long-term horizon. With the heavier reliance on alternative energy sources like electricity, this can only lift the prospects for silver prices. “Global industrial demand for silver [will likely]reach record levels in 2025 and total demand is projected at around 1.2 billion ounces,” Zacks reported via Yahoo Finance. “Despite supply soaring to an 11-year high, the silver market [may see]a fifth consecutive year of deficit, which is likely to bolster prices.” Silver Institute data corroborates the rise of industrial demand. ... (full story)