Silver - live on Glint

Silver has had a remarkably strong year, moving from almost $24/ounce at the start to more than $30 in the past 12 months, a gain of more than 25%. Will that continue into 2025?

This question is particularly timely because Glint has now launched silver as a tradable asset on our platform. One of the most requested features by our clients, silver’s addition allows you to diversify your precious metals holdings and take advantage of its potential for growth and stability. Starting now, you can buy, save, and sell silver seamlessly within your Glint app. With low transaction fees of just 0.5% and secure storage insured by Lloyd’s of London, adding silver to your portfolio has never been easier.

The Many Facets of Silver Demand

Silver’s appeal lies in its diverse demand. It is widely valued as an asset for storing wealth, extensively used in jewelry, and essential in industrial applications such as solar panels and electric vehicles. This year, the Silver Institute projected global silver demand to rise by 2% to 1,219 million ounces, the second-highest on record. However, the market is expected to face its third consecutive year of structural deficit, with a shortfall of approximately 215 million ounces.

Despite an estimated underground reserve of 800,000 tonnes, bringing this silver to market will require stronger price signals. Meanwhile, above-ground reserves are depleting. Industrial demand—which constituted half of total demand in 2023—is expected to exceed 710 million ounces this year, driven by the global push for decarbonization.

Silver’s Green Credentials and Industrial Role

Silver’s industrial applications continue to expand. For instance, the material’s use in solar panels is set to grow by 169% by the end of the decade, potentially reaching an annual demand of 273 million ounces. Research is also exploring silver’s role in carbon capture-and-storage technologies, leveraging its high-temperature stability. Additionally, the electric vehicle industry’s demand for silver is forecast to reach 90 million ounces annually by 2025.

Why Now Is the Time for Silver on Glint

At Glint, we recognize silver’s unique position among precious metals. The gold-to-silver ratio, which has averaged around 70:1 for the past 40 years, recently widened to over 80:1. This suggests that silver is currently undervalued relative to gold, offering a compelling opportunity for those looking to diversify their assets.

We’ve designed the silver experience on Glint to be as seamless as possible. Whether you want to buy, save, or sell, you can do so with just a few taps. And for those who act now, there’s an added incentive: save 50% on vault fees for both gold and silver when you refer friends to the Glint app. Already referred someone? Your discount is automatically applied.

The Road Ahead for Silver

Fiat currency devaluation, relentless demand growth from the “green” revolution, and slowing mining production all point to a bright future for silver. While its price trajectory will depend in part on interest rates and broader market dynamics, silver’s long-term potential remains strong. It may not reach its January 1980 peak of almost $50/ounce, but it could well surpass its 2011 high of more than $35/ounce.

Ready to Start Your Silver Journey?

Silver’s addition to Glint reflects our mission to empower you with more choices in the realm of sound money. Whether you’re drawn to its industrial potential, green credentials, or its role as a store of value, silver now offers a new avenue for diversification. Explore the possibilities today by buying, saving, and selling silver in your Glint app.

Let’s make silver shine!

At Glint, we make every effort to demonstrate a balanced conversation between gold, silver, crypto and fiat currencies when it comes to purchasing power and, while we strongly believe that gold is the fairest and most reliable currency on the planet, we need to point out that it isn’t 100% risk free, and neither is silver risk free. While we have seen a steady increase over time, the value of gold and silver can fall, which means that their purchasing power can also decline.