Abstract: In the context of global transition to low-carbon energy, silver is not only widely used in electrical and electronics, brazing alloys, and soldering and other traditional industrial, jewelry, and investment fields, but is also closely related to green and clean energy fields, such as photovoltaic solar energy, electric vehicles, and 5G technology. In this study, we used sector analysis to forecast silver demand in photovoltaic and electric vehicles under three scenarios: stated policies, announced pledges (APS), and net zero emissions by 2050 (NZE) scenarios. Additionally, we used the ARIMA model to analyze traditional industrial and forecast global industrial silver demands up to 2035. The results showed that under the three scenarios, the industrial silver demand in 2035 will be 19 360 t, 21 621 t, and 26 894 t. In the medium scenario (APS), the demand for silver in the low-carbon sector will exceed that in the traditional industrial sector in 2031. In the high scenario (NZE), the demand for silver in the low-carbon sector will exceed that in the traditional industrial sector by 2024.