In recent times, silver has been outshining gold in the world of precious metals investment. With its increasing industrial demand and affordability, it’s appealing to a variety of investors. But before you invest, it’s vital to understand the factors that drive silver prices, the strategies for investment, and how it differs from gold.
Why is Silver Outperforming Gold?
Gold has traditionally been considered a ‘safe haven’ asset. But, silver, often dubbed ‘poor man’s gold’, has seen a remarkable performance. There are principally two reasons for this upswing.
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Higher Industrial Demand: Silver has extensive industrial applications. From solar panels to electronics, its use is burgeoning, thereby pushing its demand and price.
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Affordability: As compared to gold, silver is more affordable, making it accessible to small investors.
While silver holds the promise of higher returns, it’s also susceptible to market volatility. Meanwhile, gold is considered more stable. It is therefore prudent to have a balanced portfolio of both the metals.
Before investing, do thorough research or consult a financial advisor to understand the risks involved. Read More
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