Silver Gains on Soft Economic Data, But Industrial Demand Outlook Stays Cloudy

Silver gained ground at the start of the week, supported by weak macroeconomic data that boosted demand for precious metals as a safe haven. Unlike gold, silver has a significant industrial demand component—the metal is widely used in electronics, solar energy, and other sectors—so its price depends not only on investor sentiment but also on the state of global manufacturing. Analysts note that mixed signals about the pace of economic growth create uncertainty about the sustainability of industrial demand for silver in the second half of the year. This dual nature makes silver a more volatile asset compared to gold, something investors should factor into their portfolio decisions.