Global Silver Shortage Sparks Market Turmoil as Indian Demand Soars

A surge in silver demand in India during festival season, coupled with rising solar energy needs, has led to a global silver shortage, driving prices and market instability.

• The unprecedented demand for silver in India, particularly during the festival season honoring the Hindu goddess of wealth, has significantly depleted global inventories.
• As investors and hedge funds flock to invest in silver, prices have soared, with spikes not witnessed in decades, causing turmoil in the market.
• Simultaneously, the increasing reliance on silver for solar power technology has compounded the situation, straining supplies and causing fluctuations in the United States dollar value.