Silver prices and industrial demand - anyone else seeing
- •Now, everything I read is about solar panels, EVs, and all the green tech coming out.
- •Seems like manufacturing is just going to keep eating up more and more silver.
- •It’s not just jewelry anymore, right?
Been tracking silver pretty closely the last few months, and it feels like the industrial demand aspect is getting seriously overlooked, especially with all the talk about Fed rates and whatnot. My family’s always been about tangible assets – timber land mostly, and some gold since my grandfather started it pre-WWII – but I started diversifying a chunk of my IRA into silver a few years back, maybe 150k worth, thinking it was a good hedge against inflation and had that industrial upside.
Now, everything I read is about solar panels, EVs, and all the green tech coming out. Seems like manufacturing is just going to keep eating up more and more silver. It’s not just jewelry anymore, right? I'm sitting here in Spokane, thinking about all the manufacturing happening globally, and I can't help but wonder if we're on the cusp of something bigger for silver than just its safe haven status. My financial advisor, bless his heart, is more focused on the gold side and keeps telling me to think of silver as Gold's little brother, but I think he's missing the forest for the trees (pun intended, given my family history).
Anyone else in a similar boat, watching silver specifically for the industrial demand catalysts? Are you factoring that in heavily when you decide on allocation within your precious metals? I'm trying to decide if I should allocate more from my overall 400k metals portfolio into silver, or keep my current spread. What are your thoughts on how industrial demand will impact silver prices over the next 5-10 years? Is it a strong enough factor to push it significantly higher independently of gold?