Industrial demand for silver - thoughts on whether it'll

Ashley Baker

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Industrial demand for silver - thoughts on whether it'll

ashley_baker💼Starter (0-50k)

2 months ago

Key Takeaways

•I’m in Charleston, SC, and seeing a lot of new tech coming in here, especially around green energy.
•It's got me thinking a lot about silver and its industrial uses.
•I’ve been reading up on the demand forecasts for silver in solar panels, EVs, and various electronics.

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Okay, so I’m a pretty new investor, just started my Gold IRA last year, and my portfolio is still under $10k – trying to stack a good physical base and diversify early. I’m in Charleston, SC, and seeing a lot of new tech coming in here, especially around green energy. It's got me thinking a lot about silver and its industrial uses.

I’ve been reading up on the demand forecasts for silver in solar panels, EVs, and various electronics. It seems like the projections are pretty strong, with industrial demand possibly outpacing supply for the foreseeable future. My question for you all, especially those of you with more experience: how much do you think this industrial tailwind will actually impact the price of physical silver rounds and bars? Like, is the industrial usage significant enough to really push prices beyond just its role as a precious metal hedge?

I know platinum and palladium have really strong industrial ties, and you see some wild price swings there based on auto manufacturing and things like that. I'm wondering if silver could follow a similar path, just maybe not as extreme since it's also a monetary metal. I’m trying to decide if I should allocate a larger percentage of my precious metals holdings to silver, partly because it's cheaper to accumulate more weight right now, but also because of this industrial demand angle.

Any thoughts or insights from folks who've been watching this market longer? Is it just hype, or is there a real chance industrial demand could make silver a much better performer over the next 5-10 years? I'm debating picking up a monster box of Eagles or Maples next year if I hit my savings goals, but the industrial story is really making me lean towards silver over more gold right now.

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5 comments

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Best Answer▲ 7 upvotes

joyce_cooper📊Growing (50-100k)

Totally! I've been wondering the same thing about silver. My dad actually got into silver mining stocks in the 70s because he worked for a company that used a ton of it in their manufacturing. He swears by it for industrial demand. Makes you think, right?

Comments (5)

joyce_cooper📊Growing (50-100k)✓ Verified•2 months ago

dorothy_lopez💰Established (100-250k)Real Investor•2 months ago

That's an interesting point about the new tech in Charleston, especially green energy. Are you seeing specific industries or companies that are big silver consumers setting up shop there, or is it more of a general trend you're observing?

sharon_evans💰Established (100-250k)Real Investor•2 months ago

I hear you on the industrial demand for silver, and it's definitely a factor. But I wonder if the *rate* of new supply coming online, especially from primary silver mines and by-product silver from other metals, might counteract some of that upward pressure, at least in the short to medium term. It's not a straightforward supply-and-demand curve when you factor in all the mining dynamics. Food for thought!

frank_rivera💎Premium (500k-1m)Real Investor•2 months ago

Hey, that's a solid question, especially with all the green tech popping up. You're right to connect the dots between industrial demand and silver prices. It's definitely a factor worth considering for your portfolio growth.

One thing I'd recommend checking out is research from organizations like The Silver Institute. They publish some pretty in-depth reports annually on silver demand, including industrial uses. It can give you a more concrete idea of the trends and projections. Good luck with your investing journey!

helen_turner💰Established (100-250k)Real Investor•2 months ago

Totally agree with your take here. That industrial demand is a massive factor that I think a lot of people underestimate when it comes to silver. I'm in Arizona, and it's similar with all the solar installations and even new data centers. The amount of silver those things gulp down is wild. It really does feel like it's gotta put upward pressure on prices long-term.

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