Singapore dealers scramble for silver as demand, prices soar

From YouTube

On the hunt for physical silver in Singapore? Dealers say it’s becoming increasingly hard to find here, as a global surge in prices has sent investors rushing into the precious metal — leaving dealers scrambling for stock and facing wait times of months.

Analysts say the demand surge is not driven by investors alone: silver is a key material used in electric vehicles, solar panels and semiconductors. Even so, economists say the impact on consumers is likely to remain limited — at least for now.