Silver industrial demand - what are we thinking this year?

Patricia Miller

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Silver industrial demand - what are we thinking this year?

patricia_miller📊Growing (50-100k)

about 7 hours ago

Key Takeaways

•Okay, so I’ve been looking at my small silver allocation within my Gold IRA and honestly, it’s looking a little… flat.
•I run a small business here in Denver, and between that and navigating the market, I'm trying to keep an eye on everything.
•Think solar, EVs, all that good stuff.

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Okay, so I’ve been looking at my small silver allocation within my Gold IRA and honestly, it’s looking a little… flat. I mostly put about $15k into gold rounds a few months back through Augusta Precious Metals, but tossed an extra $5k into some silver rounds at the same time, thinking it had decent upside. I run a small business here in Denver, and between that and navigating the market, I'm trying to keep an eye on everything.

My main thought process when buying was that sure, gold is the ultimate safe haven, but silver also has that industrial demand component, which I figured would give it more consistent upward pressure as the economy (hopefully) picks up. Think solar, EVs, all that good stuff. Global manufacturing seems to be… chugging along? But I’m not really seeing that translate into a meaningful bump for silver prices. Is the industrial demand just not as strong as I thought, or are other factors totally overpowering it right now?

For those of you with more experience in precious metals, especially silver, how much weight do you actually give to industrial demand when you make your investment decisions? Are you seeing any signs that this component might pick up in a big way later this year, or is it always going to play second fiddle to monetary demand for gold? Just curious what others are thinking out there and if my initial thesis was a bit too optimistic for a new investor.

4 comments

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Best Answer▲ 7 upvotes

helen_turner💰Established (100-250k)

Totally feel this! I'm in a similar boat with my silver. I went a bit heavier into gold with Goldco last year, but threw a couple grand at silver Eagles hoping for a nice industrial demand pop. It's been... chill. Not losing sleep, but definitely watching the news for any signs of a big uptake. Still, it's good to have it there as a hedge, I guess.

Comments (4)

helen_turner💰Established (100-250k)Real Investor•less than a minute ago

dorothy_lopez💰Established (100-250k)Real Investor•less than a minute ago

Hey, I hear you on the silver being a bit flat. $5k is a decent chunk to put in, especially for a 'small' allocation! My question is, when you say "industrial demand," are you specifically looking at solar, or broader electronics, or something else entirely?

william_davis💎Premium (500k-1m)Real Investor•less than a minute ago

I hear you on silver feeling a bit flat lately. It's tough when you're looking for that immediate pop. However, I think focusing too much on short-term price action, especially with a precious metals allocation meant for long-term stability, might be missing the bigger picture. Industrial demand is a factor, sure, but silver also largely moves with gold and overall market sentiment. It's not always about that specific industrial use case exploding year over year. Might be worth taking a broader view on its role in your portfolio, rather than just the industrial demand.

ruth_perez📊Growing (50-100k)•less than a minute ago

Hey, I hear ya! Silver can definitely be a bit of a head-scratcher sometimes. For industrial demand, it's worth keeping an eye on the solar industry – that's a huge driver for silver. I actually found a pretty good breakdown of silver's industrial uses and future projections on the Silver Institute's website. They often have some detailed reports that can help put things in perspective. Might give you a better idea of what to expect!

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