Is buying silver a good idea right now?

While silver can be volatile, the precious metal is also considered a safe asset, similar to its sister metal, gold. Safe haven assets can protect investors during times of uncertainty and, with rising tensions, could be a good option for those looking to preserve their wealth in difficult times. Silver is not a real investment, since it does not generate a product or service. Silver has value in itself, as a precious and industrial metal.

It produces nothing, generates cash flow or provides stable income. When it comes to investing your money in different assets, you should consider silver as it offers good returns on investment. When comparing the price of silver with other asset classes, you will notice that it is not yet overvalued. For thousands of years, silver has maintained positive market demand as an investment, currency and store of value.

Market demand for silver remains dominated by bullion coins, industrial products and jewelry. This precious metal is also listed on the stock exchange as a traded product. The short answer is that it can be a cheaper alternative to gold and also because of some intrinsic qualities of its own. But silver also carries unique considerations and risks that investors should be aware of.

Celeste Provent
Celeste Provent

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