Silver: Thinking industrial demand is gonna be a big deal for prices

Timothy Reed

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Silver: Thinking industrial demand is gonna be a big deal for prices

timothy_reed💎Premium (500k-1m)

about 1 hour ago

Key Takeaways

•Been chewing on this for a while, especially with all the talk about renewables and EV production ramping up.
•I've got a good chunk of my IRA in gold, but I've also got about 15% diversified into physical silver – probably around $75k worth at this point.
•My thinking goes that while gold is my anchor for stability, silver has that dual role as both a monetary metal and a crucial industrial component.

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Been chewing on this for a while, especially with all the talk about renewables and EV production ramping up. I've got a good chunk of my IRA in gold, but I've also got about 15% diversified into physical silver – probably around $75k worth at this point. My thinking goes that while gold is my anchor for stability, silver has that dual role as both a monetary metal and a crucial industrial component. And that industrial side... feels like it's about to get real interesting.

I remember back in my dairy days, watching the price of stainless steel or even just basic feed fluctuate based on demand from different sectors. Silver feels like it's on a whole other level with its indispensable role in solar panels, electronics, and now all the new green tech. Are we underestimating just how much industrial demand is going to push silver prices in the next 5-10 years? I mean, Madison is getting more solar panels every year, and that's just one small part of it. I'm wondering if a significant chunk of growth for silver won't come from inflation hedges but from simple scarcity driven by industries sucking it up.

I usually check that Gold vs Stocks Comparison tool when I'm assessing my gold holdings, just to see the macro picture. But with silver, I feel like I need a similar tool specifically tracking industrial consumption vs. mining output. Does anyone know if something like that exists, or is it just too niche? I'm trying to figure out if my current allocation is enough, or if I should be thinking about bumping up my silver position even more. Would love to hear what others with a similar portfolio size are thinking about this.

5 comments

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Best Answer▲ 10 upvotes

robert_thompson💰Established (100-250k)

Totally agree with you on this. I've been thinking the exact same thing about silver's industrial demand. The solar panel and EV push alone is massive, and it's only going to grow.

I'm in a similar boat, heavy on gold in my IRA but I've also got about $60k in physical silver. It just feels like a no-brainer for the long term. Good luck to us both!

Comments (5)

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

Totally with you on this. I've been feeling the same pull towards silver lately for the same reasons. My split is pretty similar actually – heavy on gold, but I bumped my silver allocation up a bit last year. It just makes sense with the way things are going, seems like industrial demand is only gonna increase. Fingers crossed it pays off!

michelle_collins🏆Advanced (250-500k)Real Investor•less than a minute ago

Hey, interesting take! I've been thinking along similar lines with silver. When you say "industrial demand," what specific industries or applications are you most optimistic about driving that demand? Is it mostly solar and EVs, or are there other areas you're eyeing?

michael_anderson🏆Advanced (250-500k)Real Investor•less than a minute ago

I hear you on the industrial demand for silver, and it definitely plays a role. But sometimes I wonder if the "green revolution" narrative gets a bit overblown when it comes to *price impact*. We've seen these sorts of demand spikes before with various tech booms, and while they can push prices up short-term, the supply side often catches up pretty quickly. Gold, on the other hand, just sits there being gold. Its demand isn't as cyclical. Just a thought!

matthew_murphy👑Elite (1m-5m)Real Investor•less than a minute ago

That's a solid point about industrial demand for silver! It's definitely a factor that often gets overshadowed by its monetary metal status. One thing that might be worth looking into further is the supply side – particularly how much new silver mining is projected to keep up with that increased demand. Sometimes we focus so much on demand we forget about the supply constraints.

For some decent data on silver supply/demand forecasts, the Silver Institute puts out an annual world silver survey that's pretty comprehensive. Could be a good resource to validate some of your thoughts!

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

Totally agree with you on this. I've been thinking the exact same thing about silver's industrial demand. The solar panel and EV push alone is massive, and it's only going to grow.

I'm in a similar boat, heavy on gold in my IRA but I've also got about $60k in physical silver. It just feels like a no-brainer for the long term. Good luck to us both!

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