Saeed: The demand for silver is steadily increasing due to the growth of industries dependent on it

Heba Mohsen

The price of the metal is expected to reach $35 per ounce this year

The founder of the “Gold Market” platform, Nawaf Saeed, revealed that the demand for silver metal significantly exceeds the supply in the markets, which creates a gap that widens over time, expecting the price of silver to reach $35 per ounce this year.

Saeed said, in a statement to Al-Watan, that silver is considered one of the most attractive investment opportunities in the long term, as it combines historical value with increasing industrial applications, and despite its great importance, silver is still undervalued compared to gold and other assets. The other.

He added: “This low value is due to multiple factors, the most prominent of which is market manipulation through paper trading and financial derivatives. Hundreds of times more paper silver is in circulation than actual physical silver, giving the false impression of an oversupply. Major financial institutions take advantage of this situation to make profits from price fluctuations, and work to reduce their value through intensive selling operations, or what is known as paper dumping, which limits the opportunities for price increases.

He continued: “On the other hand, the demand for silver is increasing steadily due to the growth of industries that mainly depend on it, such as renewable energy, which is used in the manufacture of solar panels, and the manufacture of electric cars, which rely on silver as an effective electrical conductor. “In addition, silver is widely used in medical technologies for its antibacterial applications, and the value of the metal is increasing as the global shift towards clean technologies and advanced industries increases.”

Saeed said: “In the gold market, we believe that silver represents a unique investment opportunity that combines assets with tangible value and strong growth prospects. Investing in silver is not only a way to protect wealth, but it is an investment in the future that holds enormous potential for growth and prosperity. We focus on long-term investment in silver rather than short-term investments, as the current economic fundamentals and the growing demand for it in vital industries indicate opportunities to achieve attractive and sustainable returns in the long term.”