An expert spoke about the reasons for the growth in the value of silver

The key factors contributing to the increase in silver prices are the renewed demand in the Indian market, the growing interest in solar energy and the reduction in supply. Capital Lab partner Evgeny Shatov told Izvestia on January 27.

Earlier in the day, the cost of silver rose to $31 per troy ounce during trading on the Comex exchange, but fell to $30 at 18:00 Moscow time.

"Silver plays a key role in the production of photovoltaic panels for solar panels, thus silver consumption will increase if stimulus programs for green energy development are maintained," Shatov explained.

According to him, China is the largest consumer of silver and if the country sees a reduction in interest rates, it will lead to an increase in the use of the metal in areas such as electronics, automotive and other sectors.

"An investor should have the intuition of an entrepreneur."

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"Many large mines are being depleted and the start-up of new projects has been slowed by high costs and environmental constraints. It is especially important to realize that a significant portion of silver is mined in Mexico and Peru as a by-product in the development of other metals such as copper, lead and zinc," Shatov said.

According to experts, an important indicator in deciding whether to invest in silver is the Gold/Silver Ratio - a value that shows how many troy ounces of silver are needed to buy one ounce of gold. The Gold/Silver Ratio is well above the historical average at the moment, meaning that silver is undervalued compared to gold and there is a high probability that silver will move into a rising phase to close the gap.

"Global silver prices will rise faster than gold in 2025. According to Germany-based Heraeus Precious Metals, silver is forecast to be valued between $28 and $40 per troy ounce this year, 26% and 16% above 2024 levels, respectively. At the same time, gold is projected to cost between $2450 and $2950 per ounce, which implies growth of 23% and 6%," Shatov summarized.

Earlier, on January 18, Evgeny Shatov told "Izvestia" about the current investment instruments. According to him, gold and silver retain their role as protective assets in conditions of geopolitical instability and inflationary pressure. These instruments can become an important part of a diversified portfolio.