Anyone else watching industrial demand for silver? Rollover question
- •Been thinking a lot about silver lately, specifically its dual nature as both a monetary metal and an industrial commodity.
- •With all the buzz around renewable energy and EVs, it feels like industrial demand is only going to skyrocket.
- •I mean, you look at solar panels, electric car batteries, circuitry for all these new AI chips we're churning out – silver is everywhere.
Been thinking a lot about silver lately, specifically its dual nature as both a monetary metal and an industrial commodity. With all the buzz around renewable energy and EVs, it feels like industrial demand is only going to skyrocket. I rolled over about $300k from my old 401k into a Gold IRA last year (got out of tech in SF, needed something less… volatile), and a good chunk of that went into physical silver.
I mean, you look at solar panels, electric car batteries, circuitry for all these new AI chips we're churning out – silver is everywhere. It’s not like gold, which largely sits in vaults or gets turned into jewelry. Silver gets consumed. Forever. That’s got to put a floor under the price, right? I'm trying to wrap my head around how much of a factor that industrial demand truly is when traditional investment demand ebbs and flows.
It's obviously not a short-term trade for me, I'm thinking 5-10 years out, maybe more. But I'm curious if other folks here are factoring in industrial consumption as heavily as I am. Does anyone have a good handle on projections for silver demand from these sectors in the coming years? And how do you think that balances against, say, central bank policies or overall economic sentiment?