Breaking: Silver Tops $38 for First Time Since 2011 
Silver is trading near historic lows compared to gold, with over 100 ounces of silver now needed to buy one ounce of gold—far above the 25:1 ratio seen in 2011.
One reason for this underperformance is the decline in silver’s use in photography, which once consumed 25% of global supply. Today, that figure is just 3%.
However, silver’s future is bright: demand from solar panel production now accounts for 16% of global silver use, and its role in battery and clean energy technologies is growing. From a historical perspective, silver appears undervalued relative to gold—making now a potentially attractive entry point.
