Silver prices have outperformed gold YTD!

May 30, 2024

Royal Canadian Mint illustrativeRecently, Colin Shah, MD, Kama Jewelry shared his Outlook on Silver. He shared, Silver prices have outperformed gold this year, gaining about ~18% Year-Till-Date (YTD). In addition to being a precious metal, having ornamental value, silver is also considered as an industrial metal.

Silver is an imperative raw material in electric vehicles, solar panels, and 5G antennas, among other products that are expected to drive the global economy in the coming years, supported by a constant rise in demand. Fuelled by the on-going geopolitical tensions, economic uncertainty, higher inflation, anticipation of rate cuts coupled with robust industrial demand, silver prices are increasingly gaining momentum from the past few days.

Going ahead, given its hybrid nature of being a precious and an industrial metal, a robust rally seems to be in the foresight, with a possibility to breach INR 1,00,000 mark by the end of 2024 supported by the ongoing circumstances.

You May Also Like

Facebook Feeds

Cover for Heera Zhaveraat
94,571
Heera Zhaveraat

Heera Zhaveraat

Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D

This message is only visible to admins.
Problem displaying Facebook posts.
Click to show error
Error: No posts available for this Facebook ID

Twitter Feeds

Divine Solitaires honoured leading partner jewelers from across India at IIJS Premiere 2026, alongside the first weekly lucky draw of TSFI's Wood Jubilee edition.

#divinesolitaires #hzinternational #iijspremiere #heerazhaveraat #luckydraw

3

✨ A moment to remember at IIJS Premiere 2026!

Proud to be part of Jewellers for Hope, bringing the jewellery community together for a meaningful cause. Grateful to be part of this special initiative.

#iijspremiere2026 #uniquechains #jewellersforhope #gjepc #iijs2026

✨ A moment to remember at IIJS Premiere 2026!

Proud to be part of Jewellers for Hope, bringing the jewellery community together for a meaningful cause. Grateful to be part of this special initiative.

#iijspremiere2026 #uniquechains #jewellersforhope #gjepc #iijs2026

4

Every masterpiece tells a story.
Discover Gehraiyaan by Kiran Jewels India at IIJS Bharat Premiere 2026.📍 Bombay Exhibition Centre, Mumbai
📅 6–10 Aug 2026
🏛️ Hall 4 | Booth 4R-481B#hzinternational

#iijsbharat #finejewellery #luxuryjewellery #heerazhaverat

Load More

HZ is the Official Supporter of :

Member Of

Founder Member Of