Silver industrial demand - what are your thoughts?
- •Anyway, lately I've been thinking a lot about the industrial demand for silver.
- •My portfolio, which is now sitting comfortably between $150k-$200k mostly in precious metals, has done pretty well, but I’m always looking ahead.
- •Are we talking about a steady upward pressure, or are the investment and jewelry demands still going to be the main drivers?
I've been holding physical silver (and gold) for a good while now, mostly in my IRA since 2009 after the whole '08 mess made me seriously rethink my portfolio strategy. For someone who spent 30 years teaching history, that market crash really was a moment of clarity on how things used to work with sound money, you know?
Anyway, lately I've been thinking a lot about the industrial demand for silver. We hear so much about its use in solar panels, EVs, and all sorts of electronics, and it just seems like that demand is only going to grow, especially with all the new manufacturing coming to places like Arizona where I'm based. My portfolio, which is now sitting comfortably between $150k-$200k mostly in precious metals, has done pretty well, but I’m always looking ahead. I loaded up a good portion of my silver when it was in the mid-$20s, and I’m just wondering how much impact this industrial hunger is really going to have on prices long-term.
Are we talking about a steady upward pressure, or are the investment and jewelry demands still going to be the main drivers? It feels like the supply side isn't exactly brimming over, and if industrial use keeps expanding at this rate, it could get interesting. I've got a decent stack of 10oz and 100oz bars, and I'd love to hear from others who have been watching this sector. What are your projections?
Does anyone think this industrial demand could be the catalyst to finally push silver back to its all-time highs and beyond in the next few years? Or is it more of a slow burn that just provides a floor for prices rather than a launchpad? Really curious to hear some diverse opinions on this!