Silver forecast to hit USD 40 in 2025, according to Heraeus
It might be silver’s turn to shine even more than gold next year, if Heraeus Precious Metals analysts prove to be correct.
While gold is relatively performing over silver just slightly as of this time of writing (27% against 24%), greater industrial demand for silver next year could be the biggest factor allowing it to breach the USD 40 price level.
Performance of certain metals including gold and silver, YTD 2024
Solar panels and electric vehicle demand continue to grow with intensity. Here in Southeast Asia, electric vehicles plying the roads is becoming the norm. Chinese EV manufacturers continue to compete here as tariffs in the US and in Europe dampen demand in the West. In the meantime, even in countries in Malaysia and in the Philippines, models of certain Chinese made EVs are even deemed more affordable than regular petrol / ICE vehicles.
In Europe especially in Germany and the Netherlands, homes are now being fitted with solar panels on balconies and as fencing for landed properties. Positive ROI for these “Balkonkraftwerk” can be achieved after a few years, costing EUR 400-800 and no installation cost.
Here at Silver Bullion, we highlight the 1,000 oz silver bars from LBMA accredited Good Delivery refiners. Buy with confidence as we continue to stock up on these bars!
https://euroweeklynews.com/2024/12/19/germans-embrace-plug-in-and-run-balcony-solar-panels/