Historically, silver has always been viewed as an attractive hedge against inflation and the decrease in the value of the U.S. dollar, especially during economic uncertainty. This idea remains true today, especially in light of political unrest and trade uncertainties worldwide. However, the lure of silver is even more interesting because silver is also a consumable industrial material, due to its distinctive physical and chemical properties that make it an essential and difficult-to-substitute component in multiple industrial applications.

 

Today, industrial demand for silver continues to increase, driven by new emerging applications such as solar energy, technological advancements, medical applications, and water purification, which we believe will enhance the demand fundamentals of silver. This sets silver apart as an asset to invest in, by making it an indispensable metal for the modern age. While demand for silver is growing, silver supply is stagnant, with the global silver market on track to record a fifth consecutive deficit in 2025.