Silver has been a valuable metal for thousands of years, used for money, trade, jewelry, and industry. Let’s take a look at its fascinating history.
Silver demand comes from four main categories: industrial, photography, medical, and jewelry/silverware. Industrial uses account for more than half of annual demands worldwide over the last five years. This means that economic growth can affect silver prices far more than it affects gold. Only 10-15% of annual gold demand worldwide comes from industrial use, the rest going to jewelry and investment.
Silver is a naturally occurring metal, but its supply is limited.
Silver is used in electronics, solar panels, batteries, and medical equipment.
Like gold, silver is a hedge against inflation and economic uncertainty.
Silver retains its value over time and is often considered a "poor man’s gold."
Silver has been used as money for thousands of years.
Compared to gold, silver is more affordable, making it accessible to small investors.
Gold bars and coins have been used for centuries as a reliable store of wealth. Unlike paper currency, which can lose value due to inflation, gold retains its worth over time. Investors around the world consider gold a safe-haven asset, especially during economic uncertainty.
Compared to gold and platinum, silver is much more affordable, making it an excellent choice for those who want stylish and high-quality jewelry without a hefty price tag. Despite its lower cost, silver offers an elegant and luxurious appeal that suits all occasions.
Silver is being rapidly consumed in industrial applications, and its supply is not being replenished at the same rate. The mining process is costly and time-consuming, which can create supply shortages in the future.
Silver has reached historical highs of $50 per ounce, and when adjusted for modern inflation, it could exceed $120 per ounce. With increasing industrial demand and potential supply shortages, silver’s price is expected to rise, making it a promising investment for the future.
Silver’s lower price compared to gold makes it more volatile, leading to frequent price swings. While this can be risky, it also presents opportunities for traders looking to profit from short-term price movements.
Silver possesses exceptional qualities such as strength, brilliance, malleability, and ductility, making it ideal for jewelry, tableware, and fine art. It also has the highest electrical and thermal conductivity of any metal