Silver has been among the best-performing asset classes year-to-date, outperforming gold. While it has given a return of 24.7 per cent, the yellow metal has notched up 17 per cent.
Robust greentech demand
Around 60 per cent of the total demand for silver comes from industry. Industrial demand has increased considerably in recent years. “Silver’s usage in greentech is propelling its industrial demand, especially from the solar and electric vehicle (EV) sectors. It also finds usage in high-end electronics and 5G technology,” says Vikram Dhawan, head-commodities and fund manager, Nippon India Mutual Fund.
While demand has surged, supply has failed to keep pace. “Mining production has been affected by labour shortages and environmental regulations, leading to tighter supplies,” says Navneet Damani, group senior vice-president, head of…
