Roughly 60% of global silver demand originates from industrial applications, particularly sectors tied to electrification and digital infrastructure. Solar photovoltaic cells rely on silver paste for conductivity. Electric vehicles require silver in high-reliability electronics. AI-driven data centers increasingly depend on silver's thermal and electrical properties in power management systems. This dual identity creates a market dynamic that diverges sharply from other precious metals, producing a commodity that frequently exhibits greater price volatility than gold as two distinct demand regimes interact ... (full story)