Singapore, 28 May 2026 – Silver’s powerful rally is beginning to raise concerns over demand destruction, as analysts warn that record-high prices could force industrial users to reduce consumption, delay purchases or seek substitutes where possible.
The metal has been one of the standout performers in the precious metals complex, supported by a rare combination of investment demand and structural industrial use. Unlike gold, silver is not only a store-of-value asset; it is also widely used in solar panels, electronics, electric vehicles, semiconductors, medical equipment and other high-technology applications.
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