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Nestor Guriev
Nestor Guriev

Is Now A Good Time To Buy Silver

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is now a good time to buy silver

Precious metals such as silver have long been an alternative to traditional investments such as stocks and bonds. When times get tough or the economy faces severe inflationary pressures, some investors turn to silver to hedge their bets or to invest more defensively. Silver prices spiked in March 2023 following the collapse of Silicon Valley Bank, as concerns were raised about the stability of the financial system.

Silver can be both as a cheaper alternative to gold, but silver also comes with unique considerations and risks that investors need to consider. Here's what you need to know about investing in silver and how to determine if it's a good investment.

"Because silver has a very high conductivity, it's used for many technological applications in solar energy and the electric automotive industry," says Giancarlo Camerana, a strategic advisor at QORE Switzerland, a precious metals and investment advisory company. With both fields expanding rapidly, he explains, many analysts predict that the demand for silver is likely to rise substantially in the coming years.

The more-for-your-money aspect is a double-edged sword, though. Silver takes up more physical volume than gold. Since the same size investment literally buys more silver than it does gold, that means silver holdings will take up a lot more space will cost more to store and transport. Oh, and it tarnishes too.

Those looking to offload silver will likely have a more difficult time finding a buyer than those selling gold. The gold market is simply more widely known and understood. It offers a wider array of safer, reputable places to invest.

Since silver is an industrial metal, it's more vulnerable to recession and pressures affecting manufacturing companies. Such factors can affect gold, which also has its industrial uses, but overall, gold is more driven by investor sentiment. So gold acts as a better, purer hedge against the economy and stock market.

CRASH is here. Silicon Valley first dominos fall laying off 144,000 in 2022. 66,000 more 2023. VALENTINES DAY MASSACRE predicted by Stansberry Research. Everything will crash including prices gold, silver, BC. Do not panic. Good news. I will buy more G,S,BC, real money w/ fake $.

Precious metals markets have been aided by a weakening US dollar, with the US Dollar Index (DXY) declining by 8% in the past three months to 103.41 at the time of writing. Silver underperformed gold throughout 2022 as investment interest in the commodity has waned.

The silver markets have climbed from the $12 per ounce lows reached at the start of the Covid-19 pandemic, as investors have bought physical precious metals and financial instruments as safe-haven assets during ongoing economic uncertainty.

High inflation rates around the world were expected to support investment demand in 2022, as precious metals typically retain their value at times when rising prices erode the purchasing power of fiat currencies.

The silver spot price had fallen from $24 to $23 per ounce since the start of the year, as central banks combatted inflation by rapidly raising interest rates. Higher interest rates tend to be bearish for precious metals, as investors opt for interest-bearing savings accounts and other assets that generate guaranteed returns.

Gov Capital, another algorithm-based forecasting service, issued a silver price prediction stating that the metal would close out 2023 at a potential average of $22.629. The platform sees silver rising to an average of $34.763 by the end of December 2025, $52.060 by the end of 2025, and $91.909 by December 2027.

We recommend that you always do your own research, and consider the latest silver price news, market trends, technical and fundamental analysis, and expert opinion before making any investment decision. Remember that past performance is no guarantee of future returns, and never invest money that you cannot afford to lose.

As of March 2023, the price of silver had risen over 17% in the past six months, but the commodity is nonetheless down 12% year-to-date. The actions of the US Federal Reserve and the Chinese government heavily influence the commodity and need to be closely monitored to determine potential price trajectories.

We recommend that you always do your own research, and consider the latest silver price news, market trends, technical and fundamental analysis, and expert opinions before making any investment decision. Keep in mind that analysts can and do get their predictions wrong, and that past performance is no guarantee of future returns. Always do your own research to make informed trading decisions.

However, economic and geopolitical factors, including persistent tight U.S. monetary policy and the Russian-Ukraine war, could pose challenges for the entire precious metals complex, including silver.

Demand in the automotive sector should benefit from rising vehicle output, the easing of the chip shortage and the growing use of electronic components and powertrain electrification. Moreover, infrastructure investment and broader decarbonization efforts are boosting electrical and hybrid vehicle demand. The expansion of charging stations which rely on silver is also on the increase.

Last year, global silver demand rose by an estimated 17 percent to a new high of 1.24 billion ounces (Boz). This year, demand is forecast to dip to 1.15 Boz. However, even at that level, it will still be the second-highest global silver demand level on record.

Silver mine production is expected to rise by 5 percent in 2023 to 873 Moz, the highest level since 2016. This growth will largely come from new silver mines in Mexico ramping up production alongside increased by-product output from Chile due to new gold operations there with high silver content. Production in Peru could come under pressure as civil unrest has led to the temporary suspension of several operations in Q1.

The increase in silver recycling will be more modest, with volumes likely to rise by 3 percent to a decade high. This growth will be entirely due to higher industrial recycling. All other areas are expected to record lower volumes, as reduced distress selling will lower jewelry and silverware scrap supply.

The silver market transitioned to a deficit (total supply less total demand) in 2021, for the first time in six years. In 2022, the deficit then surged to a record high of 253 Moz. This year, although the deficit is expected to decline, at a projected 119 Moz, it will still be exceptionally high.

This year, we have a cautious outlook for the silver price. This is based on our view that, even if the interest rate hike pace slows, the hikes will continue through to the middle of this year, and potential rate cuts (if any) will be marginal. U.S. inflation will also ease materially due to high base effects, which will see real interest rates rise, weighing on silver and precious metals. Furthermore, the dissipation of recession fears should encourage investors to become more risk-on, to the benefit of equities over silver and gold.

At the same time, with inflation on course to ease much further this year, we expect real rates to strengthen. This, together with its impact on the dollar, could undermine silver (and gold) prices. Even so, because of the earlier price upside, we forecast silver to average $23.00 for the full year, which would be some 6 percent higher y/y.

This press release is not to be construed as a solicitation or an offer to buy or sell silver or related products, securities, or related investments, and nor does it constitute advice concerning the buying or selling of the same. Accordingly, you should obtain professional or specialist investment advice before taking, or refraining from, any action related to the content of this press release.

Forward-looking statements are based on information and assumptions that the Silver Institute and Metals Focus have when those statements are made or its good faith belief as of that time concerning future events. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those in or suggested by the forward-looking statements. While consideration has been taken in preparing the information published in this press release, the content is provided without any guarantees, conditions, or warranties regarding its accuracy, completeness, or reliability. The Silver Institute and Metals Focus assumes no responsibility for updating any forward-looking statements, does not accept responsibility for any errors or omissions, and accepts no liability for any loss or damage arising, nor to any third party in respect of this document.

Like gold, the price of silver has been on some trip in recent years! If you look back to the early-2000s then the price was hovering around $3/oz, in the 20 years since it has been in touching distance of $50/oz but only fallen as low as $9/oz.

Whilst silver has long played a major role in industrial applications, it is the industries of tomorrow where things get really exciting. Silver is the best electrical conductor and highly reflective, and so lends itself brilliantly to the renewable energy market.

Between 2020 and 2021 global spending on the transition to green energy increased 27%. with total investment reaching $755 billion. Renewable energy (e.g. wind farms and solar parks) accounted for $366 billion of that. Given the average solar panel uses around 20g of silver, this can only be a good thing for those who have chosen to buy silver

And this is where we come to the second and (arguably) biggest reason to own silver - governments continue to operate economies on a very short-term basis which just creates deeper problems and systemic risks, around the world. Silver is a safe haven that will help to protect your financial portfolio for when the proverbial hits the fan. 041b061a72


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