Silver's industrial demand - will it keep this train rolling for my IRA?
- •Been thinking a lot lately about how *industrial demand* is going to impact silver, especially for those of us holding it in our IRAs.
- •I've got a decent chunk of my retirement in a Gold IRA, but I diversified into silver early last year, about a 30/70 split.
- •My thought process was always the dual nature of silver – safe haven **and** industrial workhorse.
Been thinking a lot lately about how industrial demand is going to impact silver, especially for those of us holding it in our IRAs. I've got a decent chunk of my retirement in a Gold IRA, but I diversified into silver early last year, about a 30/70 split. My thought process was always the dual nature of silver – safe haven and industrial workhorse. With all the talk about AI, EVs, solar, and whatnot, it feels like that industrial demand could really crank things up a notch, no?
I mean, here in El Paso, you see first-hand how much manufacturing and tech is (slowly but surely) pushing south of the border, and that's just the tip of the iceberg globally. From semiconductor shortages to massive infrastructure projects, silver is popping up everywhere. I originally bought my silver ounces when it was sitting around $22, and while it's had its ups and downs, it feels like we're finally seeing some steady upward momentum now, pushing towards that $30 mark. Is this mainly because of geopolitical instability, or is the industrial side finally flexing its muscles?
My concern is, how sustainable is this? If we hit a global recession, does industrial demand tank so hard that it drags silver down with it, even with the safe-haven aspect? Or is the sheer volume of new tech dependent on silver going to provide a floor that previous cycles didn't have? I'm sitting on about $70k in silver right now within my total ~220k retirement portfolio, and I'm honestly weighing whether to ride this wave or potentially take some profits if it spikes dramatically. Would love to hear other folks' insights, especially those who've been watching this longer than my few years in the physical metals game.