Will Industrial Demand Make Silver Take On Bigger Role in Precious Metals Sector?

“Silver is projected to have a very good year in 2022. Silver serves two primary functions. It’s a precious metal with a monetary role, and also an industrial metal with numerous and growing applications. Silver has intrinsic value for three reasons. First, it is a rare, naturally occurring hard asset, a tangible investment you can hold in your hand that cannot be synthesized or made in a lab. Second, silver has value because it is one of the most versatile metals for industrial use. It has literally thousands of applications to a wide variety of industries, from electronics and medicine to batteries and solar panels and electric vehicles. And more uses for silver are discovered regularly. Third and most important, silver is a monetary metal, meaning it is a form of money. In fact, silver has even been used as actual currency more often than gold. Silver can’t be diluted like paper currencies, so the more currency creation governments take on, the more valuable silver becomes. This is one of the strongest reasons for an investor to buy silver, according to a report in GoldSilver.com. The article said: “Because of silver’s chemical make-up, it is one of the best electrical and thermal conductors of all the metals. It also has growing use in the medical field, due to its antibacterial properties. In fact, it has so many industrial uses that the Silver Institute calls it “the indispensable metal… industrial demand for silver is going nowhere but up. One big reason is that many “green” technologies require silver. Electric vehicles use almost twice as much silver as internal combustion engines… solar panels contain silver and their installation is growing… 5G/mobile phone technology uses silver. And it’s clear that green infrastructure is a government priority.” “