Silver has emerged as the top performer in the precious metals sector, surpassing gold with a 42.4% gain in 2024. Analysts project prices could exceed $40/oz from the current $31/oz levels due to increasing industrial demand and supply shortages. Silver's industrial applications account for over 70% of demand, making it uniquely positioned at the intersection of industrial necessity and precious metal investment. Market experts suggest silver's outperformance could continue into 2025, driven by global monetary policy shifts, increasing industrial demand, supply constraints, and the growing renewable energy sector.