Silver Outshines Gold with 22% Return, Supply Deficit Expected

WisdomTree Shares their Silver Outlook to Q2 2025. Silver has outperformed other precious metals this year, with a 22% return compared to gold’s 13%. Despite recent pullbacks in both industrial metals and gold, silver’s tight supply and increasing demand suggest it could continue to rise. The World Gold Council expects silver to remain in a supply deficit, with demand outstripping supply as it did in 2023. This outlook is bolstered by silver’s industrial uses and its correlation with gold, although price trends could pose some risks.