Earlier this month, along with gold, the prices for silver, platinum and palladium rose sharply. The silver price has risen by more than 10 per cent to its highest level since late June. As a result, the gold/silver ratio fell below 70 again.

While the platinum price increased by 9.5 per cent to $1,790/oz, the price of palladium rose by more than 10 per cent over the same period to nearly $1,400/oz. These are the highest price levels since mid-June and late May, respectively.

Silver Demand From Solar Sector

Opinion is now gathering ground that the tailwind for the silver price from the solar industry could be slowing down. 19 per cent less silver would be used in the production of solar modules this year than last year, some estimates suggest. This would mark the second consecutive year of decline.

The solar industry’s share of total silver demand is projected to fall to 14 per cent, down from 18 per cent last year. This assessment largely aligns with that of the Silver Institute in April, which also anticipates a significant decline in demand from the photovoltaic sector this........

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