Silver prices fell 1.24% to 94,729 on trade tensions. The move came after the US President shared positive trade talks with India, Japan, South Korea and China. At the same time, demand for silver for industrial use weakened due to poor global economic data. And China’s manufacturing activity slowed to a 16-month low as export orders fell.
Industrial demand is expected to reach a record high of over 700 million ounces in 2025, driven by increasing use of green technologies. This will be the sixth consecutive year that demand has exceeded supply. While demand for jewelry and silver products is declining, and especially due to higher prices in India, increasing interest in industrial use and physical investment is helping to keep global demand steady at around 1.2 billion ounces.
