Silver prices extended their rally on January 10, 2025, climbing to $26.75 per ounce, fueled by rising industrial demand. The metal’s critical applications in renewable energy and electronics, particularly in solar panels and electric vehicle (EV) batteries, have driven its price upward. With global green energy initiatives gaining momentum, the demand for silver is expected to remain strong. Analysts note that silver’s dual role as an industrial and precious metal positions it uniquely in the current economic environment. However, broader market trends and macroeconomic factors will likely influence its trajectory in the coming months.
Silver Gains Momentum on Industrial Demand Surge
