From January 2023 to December 2024, the metal has delivered a 20.3% price return
by Samuel Wong
Gold returned 27.5 per cent in 2024, while US stocks and bonds rose 25 and 6 per cent, respectively.
Historically, silver has shown a tendency to outperform gold during the later phases of gold bull markets.
The “80/50” rule is a widely recognised guideline. When the ratio exceeds 80 ounces of silver for each ounce of gold, it may be prudent to pivot towards silver. Conversely, when the ratio dips below 50, gold is perceived to be more favourable.
Currently 91.
Record-breaking industrial demand – overall demand for silver rose to 1.21 billion ounces in 2024, representing a global rise of about 7 per cent.
Global EV sales rose by 25 per cent in 2024, and silver is used in EV batteries and in charging ports.
Silver also plays an important role in artificial intelligence technology, where it is used in areas such as thermal conductivity and photovoltaic cells.
Physical deficit in 2024 for a fourth consecutive year, with mining production rising by just 1 per cent.
Source: Business Times
https://www.businesstimes.com.sg/wealth ... der-silver
