Anyone worried about short-term silver prices with this recession on the horizon?

• •I’ve been heavily allocated in physical metals for decades now, especially since I left the Street in '08.
• •Silver’s always been my favored play, given its dual nature as both a monetary metal and a critical industrial commodity.
• •My portfolio's comfortably in the 7-figure range, pushed over by a good chunk in precious metals IRAs and physical holdings in vaults.

I’ve been heavily allocated in physical metals for decades now, especially since I left the Street in '08. Silver’s always been my favored play, given its dual nature as both a monetary metal and a critical industrial commodity. Usually, that industrial demand is a huge plus, but with all the chatter about a looming recession and manufacturing slowdowns, I'm starting to eye my silver stack a bit nervously.

My portfolio's comfortably in the 7-figure range, pushed over by a good chunk in precious metals IRAs and physical holdings in vaults. I’m thinking specifically about the short to medium term here, maybe the next 12-18 months. If we really hit a deep recession, how much will that industrial demand component drag down silver prices? I get that it’s still a safe haven in times of uncertainty, but will that be enough to counteract potentially shrinking demand from sectors like electronics, solar, and automotive?

I’ve got family in some of these industrial sectors, and the sentiment isn't exactly bullish, to say the least. Are any of you fellow precious metals investors in NYC or elsewhere seeing a similar dynamic? My gold holdings feel a bit more insulated right now, but silver's got me thinking. Any insights on how deep you think the industrial hit could be, and what that might mean for bottom-line prices before a recovery?