This year, silver has emerged from the shadow of its precious metal sibling, gold. What a year for silver, with year-to-date appreciation of 125% in dollar terms. In comparison, Gold, which also had a very good year, appreciated by 63%, half of silver's returns.
And the silver story is just beginning. It is unique because it is the only metal which has an intrinsic value and also a functional demand. New technologies, whether in solar cells or defence, use silver as a key component. As the only producer of silver in India, we have seen this first-hand at HZL.
Prices will go up and down, but silver's extraordinary shine is here to stay.
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