Is Silver A Good Investment?

Above, 1964 Kennedy half dollars and Morgan dollars. Photo by Armand Vaquer.

Silver is currently on a high as it is hovering around $31/toz. 

But, historically, silver spot price is volatile and could drop in price. There are many factors that cause its volitivity as it is both a precious metal and used industrially.

MSN asks, Is silver a good investment? 

They begin their article with:

Some consider silver a reliable hedge against inflation, a safe haven during economic uncertainty, and an asset with growth potential. Globally, 2023’s mine production of silver was estimated to be around 26,000 metric tons. That same year, however, silverware demand fell by 25% to 55.2 Moz, and silver jewelry fabrication experienced a 13% drop, with losses mainly in India who’d seen an apex of silver demand the previous year. For those looking to diversify their investment portfolio, the question stands: is silver a good investment?

While silver shares many qualities with gold as a precious metal, its volatility, industrial demand, and price fluctuations make it a unique investment. To understand whether silver is a good investment in 2024, it’s essential to consider market trends, economic conditions, and the factors driving silver’s price.

To read more, go here.