Silver industrial demand - what are we thinking for the next few years?
- •Been holding a decent chunk of physical silver in my Gold IRA for a few years now, alongside my gold.
- •My portfolio's in the $750k range and I'm always looking at the macro stuff for hedging against this crazy market.
- •Austin's tech scene is booming, but it also feels like we're always teetering on something major.
Been holding a decent chunk of physical silver in my Gold IRA for a few years now, alongside my gold. My portfolio's in the $750k range and I'm always looking at the macro stuff for hedging against this crazy market. Austin's tech scene is booming, but it also feels like we're always teetering on something major. Lately, I've been really focused on the industrial demand side for silver – solar, EVs, all that good stuff.
My initial thought was that with the massive push into renewables and sustainable tech, silver would be on a one-way trip up. But then you hear about potential material efficiency gains or even substitution in some applications. It makes me wonder if that industrial demand floor is as solid as many of us hope. I'm less worried about a crazy financial meltdown boosting silver just as a safe haven, and more about the fundamental supply/demand picture.
What are others' outlooks on this? How much do you factor industrial demand into your silver investment thesis for the next 3-5 years? Are there any specific industries or technological advancements that you think will be bigger drivers (or detractors) than others? I'm trying to get a feel for whether I should be allocating more or less to silver in my IRA moving forward.
Also, completely unrelated but figured I'd throw it out there for anyone new checking this sub: if you're ever wondering if a Gold IRA is even an option for you, I used this Eligibility Checker a while back when I was first getting started. It's a quick way to see if you qualify. Saved me some time.