In 2022, Silver demand is predicted to hit an all-time high.

According to the Silver Institute's Global Consumption Forecast, after a robust 2021, silver demand is predicted to reach a new peak in 2022.

According to the Silver Institute, silver demand will reach a record 1.112 billion ounces this year, increasing in all significant regions, indicating an increase of 8% year over year.

Increasing industrial demand will contribute to higher total demand in the green energy sector. Industrial fabrication is predicted to grow by roughly 5%. Industrial use accounts for around half of global silver demand.

As governments seek carbon neutrality, silver usage in the solar energy industry will grow. Solar demand is predicted to reach an all-time high in 2022.

Silver demand in automotive and 5G-related applications is expected to continue firm this year. The auto industry's silver market has been bolstered by increased vehicle electrification, which results in more significant silver loadings per vehicle.

Physical silver investment is likely to grow by double digits this year, reaching a seven-year high.

Last year, silver ETFs increased by 6% to 1.132 billion ounces. So far in 2022, silver ETF holdings are scarcely changed from the end of the previous year and remain near to record highs. According to the Silver Institute, it should maintain this position throughout the rest of the year.

The demand for silver jewellery is expected to increase by 11% this year. India is still the market leader in silver jewellery. Improving consumer mood in that country should result in increased sales. After a solid resurgence last year, silver jewellery sales in the United States will likely expand further in 2022.

This year, silverware production is expected to increase by 21%. In response to growing jewellery demand, India will account for the majority of the growth in demand for silverware.

The silver-gold ratio of more than 78-1 suggests that silver has historically been undervalued compared to gold as the modern era has been between 40:1 and 50:1.