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Industrial Demand Creating Momentum for Silver

From etftrends.com

Silver prices are rebounding strongly after April’s sell-off. The metal is up 20% for the year, continuing to build momentum from greater industrial demand. That isn’t likely to wane anytime soon. While silver can operate as a precious metal, it’s importance as an industrial metal is giving it a strong growth component. Its usage in electrical technology like solar panels makes it crucial in the future as greater reliance on electricity becomes apparent. Additionally, with the proliferation of disruptive technologies like AI, this will require data centers that consume copious amounts of electricity. In turn, this is ... (full story)

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  • Category: Fundamental Analysis