With the recent price dip to around $22 an ounce, the demand for silver has been robust so far in 2023. On top of its traditional role as a hedge against inflation, recent interest in silver is driven by its use in various industrial applications, along with the realization that a sub $30 silver price seems way too low given world-wide inflationary pressure. Below is a list of reasons we believe silver seems like a bargain:
1. Growing Industrial Demand: Silver is widely used in various industries such as electronics, solar panels, and medical equipment; leading to an ongoing increase in demand for physical metal.
2. Inflation Hedge: Silver is seen as a hedge against inflation, as its price tends to rise when the value of money decreases.
3. Global Monetary Policies: Expansionary monetary policies by central banks globally can lead to devaluation of fiat currencies and drive investors towards precious metals like silver.
4. Shortage of Supply: Silver mining is a complex process and there is limited supply of above-ground silver, which could lead to a sudden price increase in the future. It is common knowledge that far more silver is promised on paper than could ever be delivered.
5. Diversification: Investing in silver adds diversification to an investment portfolio helping to reduce overall risk.
Most importantly, premiums are far lower today than they were a few months ago. Check out our Best Buys on Silver Coins and call if you have questions or would like quantity discounts on new releases.
Call 1-800-928-6468 now to place your order or you can order securely online. As always, thank you for your business.
