Anil Agarwal: Silver's 125% Surge "Just the Beginning" Amidst Industrial Boom

• Vedanta's Anil Agarwal states silver's sharp price rise is just starting, noting a 125% increase in dollar terms in 2025, outperforming gold.
• Silver's role is evolving from a precious metal to a crucial industrial metal, driving its current surge.
• Increased demand from solar energy, defense, and emerging technologies, coupled with limited supply as a mining by-product, supports prices.
• Silver is trading near all-time highs due to industrial demand, investment interest, global uncertainty, and monetary easing expectations.
• Vedanta, through Hindustan Zinc, is India's largest silver producer, extracting it as a by-product.

Why It Matters: Silver's price surge is driven by its dual role as an industrial and precious metal, with structural demand factors.