[HN Gopher] Silver rises 9% to hit fresh record high
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       Silver rises 9% to hit fresh record high
        
       Author : kaycebasques
       Score  : 10 points
       Date   : 2025-12-26 21:57 UTC (1 hours ago)
        
 (HTM) web link (www.reuters.com)
 (TXT) w3m dump (www.reuters.com)
        
       | msuniverse2026 wrote:
       | What is the increasing industrial demand?
       | 
       | I have a couple kilos of silver and it is a bit mind-boggling to
       | check the price once a week and see it go up 2-3x what a year
       | long term deposit would.
        
         | jiggawatts wrote:
         | There doesn't seem to be much of a (new) demand:
         | https://silverinstitute.org/silver-supply-demand/
         | 
         | This could just be speculators driving up the price...
        
         | AngryData wrote:
         | I don't think there is much additional industrial demand, it is
         | just speculation due to the state of world economies and
         | governments not holding much trust these days and people
         | expecting depressions or currency collapses in the near future.
         | It just a cheaper version of holding gold.
        
           | MisterMower wrote:
           | No, it's a supply side issue. There aren't as many silver
           | only mines out there anymore, so ramping up production to
           | meet demand is difficult.
           | 
           | Most silver extraction is actually done in copper or gold
           | mines. But you can't ramp up silver production in those mines
           | because the silver output is actually a waste product from
           | the primary metal being extracted in those mines.
           | 
           | Demand is rising but silver supply is relatively inelastic,
           | resulting in the price going up.
        
         | anigbrowl wrote:
         | I've seen speculative claims that it will be essential for
         | battery anodes. But I have no idea what quantities are
         | involved, and whether it reflects real industrial demand or is
         | wishcasting by rock aficionados.
        
         | lovich wrote:
         | I know the article mentions increasing industrial demand
         | without any other details, but I was under the impression
         | precious metals were going up as investors were trying to hedge
         | against uncertainty with the current market
        
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       (page generated 2025-12-26 23:01 UTC)