Silver Prices Surge to 14-Year High on Industrial Demand, Supply Shortages, and Global Market Pressures

Los Angeles, CA – August 12, 2025 – Silver prices have surged to their highest levels since 2012, nearly approaching the $40 per ounce mark. This remarkable rally highlights silver’s growing importance as both an industrial resource and a store of value amid ongoing global economic uncertainties.

Experts say the key drivers of silver’s momentum include:

Robust Industrial Demand: Nearly 60% of global silver demand now comes from industrial applications. Beyond traditional uses in electronics and manufacturing, silver is vital to rapidly growing industries, including renewable energy—especially photovoltaic (PV) solar panels—artificial intelligence (AI) components, and defense technologies.

Tight Supply: The boom in these industries has outpaced global silver production, creating a supply crunch that is driving prices higher. According to The Silver Institute, annual demand for silver rose from 993.3 million ounces in 2016 to 1.16 billion in 2024, while supply decreased from 1.06 billion ounces to 1.02 billion over the same period.

Market Headwinds: Heightened geopolitical tensions, trade uncertainties, and ongoing inflation concerns have added a safe-haven premium to precious metals, boosting silver prices alongside gold.

“Industrial demand, constrained global supply, trade frictions, and portfolio reallocation have contributed to silver’s shiny resurgence,” said Peter C. Earle, PhD, Director of Economics and Economic Freedom at AIER. “For those focused on real assets and national resilience, silver’s recent ascent offers more than speculative excitement, it has achieved a year to date gain of over 30%.”

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For more information on how you can benefit from purchasing silver or opening a Precious Metals IRA, visit Goldco’s website at goldco.com or call (855) 450-1394.