The global silver market is no longer defined by its historical roles in coinage or photography. A fundamental transformation has occurred, cementing a new foundation for demand built on technology and green energy. This isn't just a shift; it's a structural realignment where industrial applications have become the market's primary, non-negotiable driver.

The global silver market is currently in the midst of a multi-year structural deficit, where total demand is consistently outpacing supply. According to the data presented in the Silver Survey 2025, published by the Silver Institute, this market imbalance has been a defining feature since 2021 and is projected to continue through 2025.

Silver, a metal long celebrated for its monetary value, is cementing its role as an indispensable material in our modern world. From the solar panels on our roofs to the electronics in our pockets, industrial applications are driving a significant surge in demand. This infographic, using data from the World Silver Survey 2025, reveals a critical divergence between silver's soaring industrial use and its constrained mine production.

Which has been the better long-term performer: gold or silver? In this latest infographic, we take a look at how gold and silver have performed head-to-head over the last sixty years.

For market observers who follow precious metals, the Gold/Silver Ratio is a frequently cited metric. While it provides a simple snapshot of relative value, a deeper analysis of its history reveals a recurring pattern: significant upward movements in the price of silver have often followed periods where the Gold/Silver Ratio reached a peak.