Although gold usually takes the spotlight in precious metals markets, silver, which is often treated as a less glamorous 'second fiddle', quietly outperforms its more famous rival. The white metal not only delivers better returns for investors but also appears more attractive in the long run, supported by a structural supply deficit and an unprecedented boom in industrial demand, particularly from the renewable energy and solar panel sectors. Since October 2023, silver prices have been on a strong upward trajectory, with the spot price jumping 163% from its low of $20.67 per ounce on October 3 to a record high of $54.38 on November 13.
