Silver’s impressive performance in 2024, as reported by Saxo Bank, highlights its dual role as both a precious and industrial metal. This year, silver has benefited from rising industrial demand, particularly in sectors like renewable energy and electronics, while also mirroring gold’s upward trajectory due to macroeconomic uncertainties. Analysts suggest that silver could outperform gold in the coming year, driven by continued industrial demand and a structural supply deficit that keeps prices buoyant.