Industrial demand - will silver keep climbing?
- •Been tracking silver lately and am curious to hear what others are thinking regarding industrial demand's impact on its price.
- •Unlike gold, which is mostly just stacked, silver gets *used* up.
- •We're talking about millions of ounces here.
Been tracking silver lately and am curious to hear what others are thinking regarding industrial demand's impact on its price. I've had a decent chunk of my Gold IRA allocated to physical silver for a few years now—started with about $75k in 2020, and it's grown nicely alongside my gold holdings. I'm a manufacturing exec here in Cleveland, so I'm always looking at the tangible stuff, the hard assets, and silver's dual role as both a monetary metal and an industrial powerhouse has always appealed to me. Unlike gold, which is mostly just stacked, silver gets used up.
My concern (or hope, depending on how you look at it) is this: with all the talk about EV production really ramping up, solar panels becoming more ubiquitous, and even advancements in medical tech, the demand for silver in these sectors seems like it's only going one way: up. We're talking about millions of ounces here. Do you guys see this industrial "drain" on supply as a critical factor that could push prices significantly higher in the coming years? I'm not looking for a penny stock meme-run, but a steady, sustained climb based on fundamental demand.
I'm weighing whether to allocate another chunk from my overall IRA—maybe another $50k—into silver while it's still relatively affordable compared to gold. The gold/silver ratio has been interesting to watch. My total IRA is sitting around $380k right now, and I’m always looking at how best to hedge against inflation and protect purchasing power for when I eventually step back from the grind. With everything going on politically and economically, having some real assets just feels right. What are your thoughts on the sustainability of this industrial demand and its long-term impact on silver's price? Are any of you adjusting your allocations based on these industrial trends?