In a rapidly fluctuating economy, now is the perfect time to consider using investments in silver to build a more resilient portfolio. Not only is silver a precious metal, it has the added value of being a commodity with a variety of industrial applications. Leading experts believe that the manufacturing demand for silver will rise significantly because of the need for the precious metal by high-growth industries, such as solar power, electronics, and medical technology. Experts are predicting that as supply diminishes due to lower worldwide production, the value of silver is set to grow steadily.
Silver is being used by many industries because of its power as a major conductor of heat and electricity. As high tech industries continue to explode, experts believe that silver will play a major role in the growth of technologies required for self-driving cars, solar power, and state-of-the-art healthcare. Safety technology required for self-driving cars is dependent on silver-based products, for example, and MarketWatch reported that the solar power industry is trying to find a strong substitute for silver but is failing. Silver, as we can see, is set to be a staple resource in the growth of these industries for the foreseeable future, and those who learn how to invest in silver now are likely to boost and strengthen their portfolios in the long run.
Take healthcare: silver has been a key player in several applications, in large part because of its well-documented use as an antibiotic metal. Silveris also an ingredient used in building touch screens that are being used by those in the medical field. Its value in the healthcare field is expected to increase even more as technology and medicine become ever more integrated. Investing in silver is a smart choice, because the demand for this metal shows no sign of abating, and it will continue to be used and relied on for years to come. While the silver price is too low, leading experts believe it will increase because of the market’s response to the precious metal.
While these factors show that silver is likely to show long and resilient growth in the coming years, the silver market is currently somewhat bearish, which means 2017 is the perfect time to invest in what is now a low-risk resource, but one that is set to improve within the coming year. When the economic collapse happened in 2008 and stocks and bonds fell in value along with the housing market, gold helped investors carry returns as they attempted to recover and gained an average of 32% through 2008 to 2013. Silver is expected to last because of its value, It has many industrial uses, making it not just a monetary metal but an industrial metal too.
The current global situation right now is turning the global markets on their heads, leaving the market ripe for a collapse, leaving many nations to turn their focus on precious metals such as silver and gold instead of stocks and bonds and other, more risky, financial products.