Silver prices are known for their volatility, influenced by a complex interplay of factors. Primarily, silver acts as both a precious metal, attracting investment during times of economic uncertainty, and an industrial metal, heavily used in electronics, solar panels, and other manufacturing processes. Supply is affected by mining output and recycling rates, while demand fluctuates with industrial activity and investor sentiment. Economic indicators like inflation, interest rates, and global growth can significantly impact silver's price, making it a dynamic and often unpredictable asset.
