What is Silver?
Silver is a precious metal with extensive industrial use. Roughly 50% of annual silver demand comes from industrial applications (solar panels, electronics, EV batteries, brazing alloys) and 50% from investment, jewelry, and silverware. The COMEX silver futures contract sets global pricing.
Why it matters for investors
Silver tracks gold over long periods but with higher volatility (typically 1.5-2x gold's daily range). Industrial demand growth — particularly photovoltaic solar panels — has structurally tightened supply. The gold-to-silver ratio is a closely watched indicator: historically averages ~50, and extreme readings often signal turning points.