Silver has outpaced gold in 2025, with a growth of about 71%, compared to gold’s 54%. Silver mine production has been decreasing for the past ten years, especially in Central and South America, due to mine closures, resource depletion and infrastructure challenges. London’s vaults have been emptying rapidly for the past few years. In June 2022, the London Bullion Market Association held 31,023 metric tons of silver. By March 2025, volumes had fallen by around a third to 22,126 metric tons — its lowest point in years. “At the moment, a standard electric vehicle has about 25 grams of silver, maybe the larger EVs have 50 grams of silver as part of their components,” said Syms. “If we move into these solid-state silver batteries, each electric vehicle might require a kilo or more of silver,” he added. And with silver having a high thermal conductivity and a higher electrical conductivity than other metals, as well as increasing demand for EVs, AI and renewables, the metal’s value is likely to keep shining. “Silver crosses over that bridge between precious and industrial metals, and the way technology is going on, the batteries, the solar panels, it’s got some great use cases as we move into a more electrified world,” said Syms. Source: CNBC(Wall Street Mav)