Silver Price Surges to 10-Year High Amid Stagflation Fears
The silver price today has surged over the past six months, climbing by more than 30%. This significant increase is driven by concerns about stagflation and geopolitical uncertainty. This week, the silver spot price reached $44.86 per ounce, its highest level in a decade.
Metals Focus, a leading precious metals consultancy, predicts that the PV industry could achieve further reductions in silver loadings by 2025, potentially exceeding 15%. Despite this, the price of silver is currently not strong in the industrial sector, and the PV industry is not facing shortages, even with price volatility.
Silver's price volatility may be higher than that of gold due to the smaller size of the silver market. However, the US Federal Reserve's interest rate cuts make silver and gold less expensive relative to other assets, increasing their appeal to investors.
The price of silver is expected to continue rising in 2025 and 2026 due to macro and geopolitical factors. With silver costs accounting for approximately 11% to 13% of module costs in the PV industry, any significant price changes can impact the industry. The recent peak in the price of silver highlights its volatility and potential for further shifts in the market.
Read also:
- MRI Scans in Epilepsy Diagnosis: Function and Revealed Findings
- Hematology specialist and anemia treatment: The role of a hematologist in managing anemia conditions
- Enhancing the framework or setup for efficient operation and growth
- Hydroelectric Power Generation Industry Forecasted to Expand to USD 413.3 Billion by 2034, Projected Growth Rate of 5.8% Compound Annual Growth Rate (CAGR)
