Silver has always played second fiddle to gold (GCZ24), when it comes to the precious metals pecking order. Despite boasting several industrial applications, silver has generally traded at a discount to gold. However, that scenario is expected to change in the foreseeable future, driven by the metal's critical role in burgeoning technologies like solid-state batteries for electric vehicles (EV) and artificial intelligence (AI).
Moreover, an ongoing supply-demand mismatch in silver could help to fuel further upside, even as December silver futures (SIZ24) - the most active contract - have already surged more than 32% this year, and are hovering just 5% from new decade-plus highs above $33.
