Silver hit record highs in 2025 – here’s why the ‘Devil’s metal’ has further to run
In the evolving landscape of industrial metals, silver is poised to experience a nuanced shift in demand. While projections indicate a slight decline in overall industrial demand for silver in 2025, the metal is carving out a crucial niche in several high-growth sectors. Notably, the rise of electric vehicles (EVs), advancements in artificial intelligence (AI) technologies, and the expansion of photovoltaic systems for solar energy are driving an increased need for silver, underscoring its importance in the transition to a more sustainable and technologically advanced future.
Electric vehicles, in particular, are becoming a significant driver of silver demand. Silver is a key component in EV batteries and electrical systems due to its excellent conductivity. As the automotive industry continues to pivot towards electrification, the requirement for silver in these applications is expected to grow. For instance, a single EV can contain up to 1 ounce of silver, and with global sales of electric vehicles projected to rise sharply, this demand is likely to offset declines in other traditional industrial uses of silver.
Moreover, the integration of silver in AI components is gaining momentum as tech companies increasingly rely on this versatile metal for high-performance electronics. Silver’s unique properties make it ideal for use in various sensors and circuit boards that are essential for AI applications. Additionally, the photovoltaic sector, which utilizes silver in solar panels for its efficiency in converting sunlight into electricity, continues to expand as renewable energy sources gain traction globally. This synergy between silver and green technologies positions the metal as a vital resource in the fight against climate change, even as its overall industrial demand faces slight reductions. As industries adapt and innovate, silver remains a cornerstone in the development of future technologies, highlighting the metal’s enduring relevance in a rapidly changing world.
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While industrial demand for silver is expected to decline slightly in 2025, the metal is increasingly used in electric vehicles, for AI components and in photovoltaics.
Eric
Eric is a seasoned journalist covering US Politics news.