06.11.2025 21:06
Ahmet Cumhur Kitiş, Chairman of the Board of DEMAŞ A.Ş., commented on the increasing interest in silver instead of gold, which has been breaking record after record. He stated that the Turkish investor's shift towards silver is a "rational diversification behavior." Kitiş also mentioned that he anticipates silver prices will be supported by industrial demand.
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DEMAŞ A.Ş. Chairman Ahmet Cumhur Kitiş stated that the Turkish investor's shift towards silver is a 'rational diversification behavior' and predicted that silver prices will be supported by industrial demand in the upcoming period.
The last six months in global markets have been recorded as a historic period for gold and silver. Despite the Federal Reserve's (Fed) interest rate cuts, the persistence of inflation, the war atmosphere in the Middle East, and the shift towards gold in the reserve preferences of Asian economies have redirected investors towards precious metals.
THE METAL OF THE FUTURE: SILVER
While the global gold price increased by approximately 26% in six months, the rise in silver approached 30%. Especially silver, used in industrial production, has begun to be seen not only as a store of value but also as the 'metal of the future' with the acceleration of green energy investments.
With the increase in geopolitical risks, the search for safe havens in investor psychology has gained strength again. DEMAŞ A.Ş. Chairman Ahmet Cumhur Kitiş emphasized that gold and silver stand out in different areas but for the same reasons.
"GOLD REPRESENTS THE PAST, SILVER REPRESENTS THE FUTURE"
Kitiş pointed out that the recent rise is not just a matter of short-term price movements, stating, "Gold is a symbol of security in human emotional memory, while silver is a sign of hope for the future. Gold represents the past; silver represents the future. The recent rise is not just a matter of short-term price movements but also a signal of the restructuring of the global economic system. Today, both gold and silver have become an alternative measure of security in a period when the financial system is being questioned. This is not a temporary trend; it is a paradigm shift," he said.
"SILVER IS BECOMING AN INCREASINGLY VALUED ASSET"
The annual inflation rate in Turkey hovering around 33-35%, the Turkish Lira losing 22% of its value throughout the year, and weak real returns on deposit interest rates have redirected investors towards precious metals again. While gram gold prices reached historic levels in the last six months, individual demand for silver has also increased significantly. Especially investment silver under 100 grams and 1-kilogram bars have become more widespread in individual investor portfolios than ever before.
Ahmet Cumhur Kitiş stated that the Turkish investor's shift towards silver is a 'rational diversification behavior' and predicted that silver prices will be supported by industrial demand in the upcoming period. Kitiş said, "Gold is a tradition in Turkish culture; silver is a new consciousness. People now want to discover investment tools that not only protect their savings but also align with the energy and technology age. Silver is an indispensable raw material in solar panels, battery systems, and medical devices. Therefore, the supply-demand balance may be more dynamic than gold in the next five years," he stated.
"UNCERTAINTIES ARE RESHAPING INVESTMENT BEHAVIOR"
The start of the election process in the U.S., ceasefire violations in the Middle East, and the unresolved situation on the Russia-Ukraine front have pulled down confidence indices in global markets. This scenario strengthens investors' flight-to-safety reflex. Kitiş stated that 'emotional indicators' are now as effective as 'numerical data' in the markets, saying, "Psychology guides just as much as the economy. As uncertainty increases, people seek refuge in security. Gold is the name of that security; silver is the opportunity in its shadow. In the last six months, gold and silver have become not only investment tools but also two sides of trust.
While gold represents the stability of the past in times of crisis, silver is positioned as the safe haven of the future in the age of technological transformation. Gold and silver are not just investment tools; they are symbols of trust that have remained unchanged for thousands of years. Today, money is changing form, markets are seeking direction, but the fact remains that humanity has not given up on trust. Gold is the heart of that trust, silver is its reflection. In the midst of economic fluctuations, what investors seek is no longer short-term gains but long-term balance. And that balance is still hidden in the quiet but solid presence of these two precious metals," he concluded.
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