SLV: Not Gold, But It's Been Glittering

  • Silver's dual role as a precious metal and industrial commodity makes its price influenced by inflation, real interest rates, and industrial demand. Rising inflation and negative real interest rates boost silver's appeal, while a strong USD and high real rates can weigh it down. Industrial demand, especially in high-tech and green energy, is a long-term driver, with supply constraints adding to the bullish outlook.