According to the Korea Gold Exchange on June 20, the trading price of silver (Silver·3.75g) was recorded at 13,350 won when buying and 11,170 won when selling. The buying price rose by 10 won (0.07%) compared to the previous day, and the selling price also increased by 10 won (0.09%).

The reason the silver market is drawing attention lies in its unique characteristics, which differ from those of gold. While gold primarily serves as a safe-haven asset, silver simultaneously functions as both a safe-haven asset and an industrial raw material.

From this industrial perspective, the renewable energy sector is also cited as a major variable in silver prices. A significant amount of silver is used in the manufacturing process of solar panels, and major institutions, including the International Energy Agency (IEA), project that the scale of solar power installations will continue to increase over the next several years.

However, a considerable number of analyses also suggest that it is difficult to conclude that silver prices will only show an upward trend. The biggest variable remains U.S. monetary policy. Generally, when interest rates are high, the investment appeal of non-interest-bearing precious metals decreases relatively. Conversely, when expectations of interest rate cuts grow, investment demand for precious metals such as gold and silver tends to expand.

[※ Investment decisions are the responsibility of the investor, and the content included in this article may change depending on market conditions.]