German and EU experts call for critical raw material status for silver as demand surges

Silver prices are surging due to increasing demand from future industries. Experts urge the EU and Germany to classify silver as a critical raw material. Industry insiders emphasize the need for faster progress in recycling, processing, and diversifying silver supply chains to reduce dependencies. Growing demand stems from the energy transition, EVs, and AI. Experts suggest easing investment in silver, potentially by eliminating VAT on silver coins and bars, to shift price risks to investors and save taxpayer money.