Silver price development

Silver is primarily an industrial metal that, from an investment perspective, does well when other commodities do well too. When economies are performing strongly, industry grows and with it the demand for silver — and therefore its price. Over the long term, demand for silver is driven by the growing production of semiconductors and, above all, green technologies. Its consumption is also rising with the shift to electric vehicles, which use considerably more silver than cars with combustion engines. Thanks to its dual role — as a precious metal and as an irreplaceable industrial material — silver is a sought-after addition to an investment portfolio. Over the long term the rise in the silver price clearly outpaces inflation in both the eurozone and the USA.