There is a current buzz surrounding silver in the investor community. Experts predict that silver is set to outperform gold and touch its nine-year high in 2023, reaching a whopping Rs. 90,000 per kg.\r\rSilver is a precious metal with dual significance. It's not only used as a store of value, but is also a crucial component in various industrial applications. However, despite being more abundant than gold historically, silver is now facing a shortage.\r\r"There is a shortage of physical stocks of silver in New York and London. Silver will suffer a deficit of 100 million ounces next five years as industrial demand keeps on increasing," Nicky Shiels, Head of Metals Strategy, at the New York-based precious metals company, MKS PAMP.