silver_bars
silver_bars

In my opinion, now is the time to invest in silver! It may not be as rare as gold, but it does have many industrial uses in addition to its monetary properties. Due to increased supply and demand, silver is currently trading for approximately $23 per troy ounce. While the price of silver is significantly lower than that of gold, this precious metal is becoming a valuable commodity in today’s market. As a result, investors can receive higher payouts when the market is up.

Easily accessible

It’s fairly easy to purchase silver. Many dealers sell silver coins. For example, the Great American Coin Company is proud to offer lots of silver quarters and dimes. Keep in mind, all quarters and dimes produced before 1964 were made of 90 percent silver. Additionally, some dealers offer silver bars and rounds. These pieces can range from one ounce to ten or 100 ounces of .999 fine silver.

Industrial demand

Silver isn’t just a valuable commodity that people save for its monetary value; it’s malleable, ductile, strong, and can endure high temperatures. For these reasons, silver is used in a variety of industrial and medical applications. According to prominent analysts, this increased demand can prevent silver from falling below production costs, making it a good investment.

Lower price

Silver is a much lower price than its gold cousin. One reason silver is cheaper than gold is because of the rarity of the metal itself. Gold is simply more rare than silver. As a result, this imbalance in supply and demand between the two metals makes up most of the difference in their prices. However, if you’re looking for a safe, conservative investment, silver is a better option. Also, there is speculation that the U.S. Mint may raise their silver prices. Now is the time to buy!

People buy silver for different reasons. Some want to protect themselves for unavoidable inflation, while others do it in order to meet their collection needs. Either way, there will always be a huge demand for silver, and that’s why its value keeps increasing.

Gary Dyner is the owner of Great American Coin Company. Connect with him on 

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Great American Coin Company