Silver Drops ~4% in One Week: Industrial Slowdown Hits Global Demand
Silver prices have declined by approximately 4% over the past week, reflecting concerns over slowing global industrial activity and tighter macroeconomic conditions.
Unlike gold, which benefits from safe-haven flows, silver has a dual role as both a precious metal and an industrial commodity. More than half of global silver demand comes from industrial applications such as solar PV, EVs, and electronics. For long-term demand drivers, read our detailed analysis of silver’s industrial demand surge.
1. What’s Driving the Recent Drop?
- ⚠️ Global industrial slowdown impacting silver-intensive sectors.
- 📉 Weak manufacturing indicators and trade uncertainty.
- 💲 Stronger dollar and higher interest rates.
- 🔧 Reduced silver usage per unit in solar modules.
2. What This Means for Gujarat Investors
For bullion markets in Ahmedabad, Tharad, and Deesa, the pullback presents mixed signals:
- 🪙 Short-term softness in jewellery and coin demand.
- 📉 Potential adjustments in dealer premiums.
- 🔍 Long-term accumulation opportunities during corrections.
3. Current Market Snapshot
| Metric | Recent Trend |
|---|---|
| Global silver demand (2025F) | ≈ 1.12 billion oz (-4% y/y) |
| Industrial demand | ≈ 665 million oz (-2%) |
| Spot silver (USD) | ≈ US$51.11/oz (Nov 2025) |
| Supply outlook | Structural deficit continues |
4. What Could Trigger a Rebound?
- 🌞 Recovery in industrial output and solar installations.
- 🔻 US dollar weakness or interest-rate cuts.
- 📉 Ongoing supply constraints.
5. Conclusion
The recent 4% weekly decline reflects short-term pressure rather than a breakdown of silver’s long-term fundamentals. Industrial demand from EVs and solar remains a key support over the long run.
Author: GS24Live Market Desk
Last Updated: 15 December 2025
Keywords: silver price drop 2025, silver industrial slowdown, Ahmedabad silver market, silver investment India, silver demand outlook