8 November 2023
AI advancements are predicted to significantly boost demand for precious metals, particularly silver, due to its essential role in electronics and the green energy sector. Although industrial gold demand has dipped, a resurgence driven by tech sector growth is expected next year. Silver, critical for its conductivity, faces supply challenges and could see a sharp increase in demand, further stressed by its use in solar energy production. Precious metals like platinum, palladium, and gold, integral to various AI chip components, are set for a demand surge in 2024 as AI technology proliferates.