Silver prices and industrial demand - what's everyone
- •I've been watching silver pretty closely lately, mainly because I diversified my Gold IRA with some silver rounds a couple of years back.
- •Started with about $70k in gold, then added another $15k or so in silver when prices dipped.
- •My thinking was twofold: inflation hedge and then the industrial demand argument for silver down the line.
I've been watching silver pretty closely lately, mainly because I diversified my Gold IRA with some silver rounds a couple of years back. Started with about $70k in gold, then added another $15k or so in silver when prices dipped. My thinking was twofold: inflation hedge and then the industrial demand argument for silver down the line. I'm a government employee here in Albuquerque, and while my pension is solid, I'm trying to build a good supplement so I'm not just scraping by in retirement.
With all the talk about renewable energy projects, solar panels, EVs, and those new 5G networks, it feels like silver should be absolutely rocketing due to its industrial applications. But it just seems… stagnant? I figured with such strong demand projections, we'd see a more aggressive climb. I mean, where's the disconnect? Are the supply chains just too robust, or is recycling doing too good of a job? Or is investment demand just not there yet to really push it?
I'm trying to figure out if I should be looking to add more silver on dips or if I should just hold what I have and focus more on gold. I use that Retirement Planner tool pretty regularly to map out my portfolio's performance, and seeing silver just kind of flatline after everything I've read about its industrial future makes me question my allocation a bit. For those of you with more experience in this space, what are your thoughts?
Is there a catalyst I'm missing for industrial demand to really start moving the needle, or is it more of a very long-term, slow burn that I just need to be more patient with? Any insights or data points people are tracking?