Public Gold Group Executive Chairman Datuk Seri Ng Chun Hau informed that apart from gold, silver is also seeing increased demand which has the potential to drive its price up.
He also stated that silver is more scarce than gold, and has high demand in the manufacturing of electric vehicles (EV), solar panels and iPhones, which shows great potential for the metal.
Chun Hau said that based on the World Gold Council report, silver has been in deficit for the past five years, and if demand for high-tech products continues to increase, silver prices are expected to soar.
However, he stressed that silver trading volume only represents about 5% of gold trading.
According to XAG Silver Spot, silver closed at $53.36 per troy ounce on November 26, 2025, recording an increase of 80.45% so far this year which reflects the current market price.
Silver also followed the trajectory of gold after reaching a high of $57.785 reached on December 1, 2025.
