Industrial demand for silver - what are we thinking?
- •My Gold IRA is sitting pretty solid, around $180k, but I've always had a decent chunk in silver too – maybe $30k-$40k at this point.
- •It's not just a shiny rock for stacking; it's essential for a lot of these new technologies the world is pushing for.
- •The military-industrial complex always needs it too, even if they don't always talk about it.
I've been thinking a lot lately about silver, specifically how much its price is gonna be driven by industrial demand rather than just investor sentiment. Being in Jacksonville and working as a contractor, I see a fair amount of manufacturing and tech development, which always makes me wonder about the raw materials.
My Gold IRA is sitting pretty solid, around $180k, but I've always had a decent chunk in silver too – maybe $30k-$40k at this point. Part of that was for diversification, but the other part was genuinely believing in its utility, especially with all the talk about solar panels, EVs, and electronics. It's not just a shiny rock for stacking; it's essential for a lot of these new technologies the world is pushing for. The military-industrial complex always needs it too, even if they don't always talk about it.
So, here's my question for the group: How much weight do you honestly put on industrial demand affecting silver prices over the next 5-10 years? Are we underestimating how much it's going to squeeze supply, or is new mining production always going to keep pace? I'm trying to figure out if I should be allocating more towards silver in my self-directed IRA or if the industrial impact is already priced in. It always feels like the smart money knows something I don't, especially when things are quiet.
And on a related note, are there any specific industries or technological advancements you're watching that you think will have the biggest impact on silver demand? I’m always keeping an eye on advancements that could shift the supply/demand curve significantly. Let me know what you guys think, especially if you're seeing different trends than I am down here in Florida.