Silver is, after oil, the most useful substance in the industry, with as many as several thousand applications
What affects the price of silver is its triple role:
1) Important industrial metal
2) Historically desirable investment
3) Monetary currency
Why does silver have 4-5 times more potential than gold in the next 10 years?
Due to 3 forms of demand:
1) Monetary
2) Investment
3) Industrial silver
The price of silver in the last five (5) years
Good to know!
1Silver is traded more than it has, because in modern business, silver does not change its owner in physical form..
2Silver stocks, from 10 billion ounces in 1940, have shrunk to 1 billion ounces today.
3Silver is so undervalued today that its price could increase up to 500 times after the next crash.
4 – Production: 735 mil. oz
– Demand: 878 mil. oz
5Limited, almost depleted silver mines
6It is not only a custodian of value, but also an industrial metal.
Percentage change in silver prices (2009 - 2024)
