Enormous demand for silver

Between 2021 and 2024, the deficit will amount to a good 678 million ounces. A deficit on the silver market is expected again this year. No wonder, given that industrial demand is at a record high. Batteries, the solar industry, the 5G infrastructure and applications in the field of artificial intelligence are devouring the precious metal at an ever-increasing rate. And reserves are continuing to shrink; global silver mine production is also barely increasing, so price rises should not be too far off.

Incidentally, most silver comes from lead and zinc mines. Mexico is the leader and significant quantities of silver also come from Bolivia, Peru and China. In 2024, a troy ounce of silver cost an average of 28.27 US dollars. In March 2025, the price of the precious metal reached USD 34 per ounce and currently stands at around USD 32. Just like gold, the price of silver also fell slightly. Profit-taking was certainly also a factor, as good returns were on offer in a relatively short period of time. However, as with gold, the experts are assuming that the price will only take a short-term breather.

Global research shows that silver can do many things and is not only necessary for the green energy transition. Ethylene oxide, for example, is one of the world’s most important chemicals. Plastics, textiles, adhesives and antifreeze cannot be produced without ethylene oxide. However, this requires chlorine, a rather toxic chemical that produces large quantities of toxic emissions. However, if researchers use a silver catalyst, the need for chlorine can be eliminated. Greenhouse gas emissions can thus be reduced, and a lot of money can be saved. Investors who are looking less at short-term returns and more at the big picture – the increasing demand for silver – should also take a look at silver companies such as Endeavour Silver or Skeena Gold & Silver.

Endeavour Silver – https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/ – is one of the medium-sized precious metal producers with projects in Mexico, Chile and Nevada. The company has just acquired Minera Kolpa, a producing mining operation in Peru with great exploration potential.

Skeena Gold & Silver – https://www.commodity-tv.com/ondemand/companies/profil/skeena-gold-silver-ltd/ – is developing the past-producing Eskay Creek gold-silver project in British Columbia and the past-producing Snip projects.

Current company information and press releases from Skeena Gold & Silver (- https://www.resource-capital.ch/en/companies/skeena-resources-ltd/ -) and Endeavour Silver (- https://www.resource-capital.ch/en/companies/endeavour-silver-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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