Silver Holds Intrinsic Value
Both as a precious metal and as an industrial metal, which guarantees strong demand no matter the market condition. As an industrial metal, you’ll find silver in everything from batteries to dental fillings, LED chips to nuclear reactors, solar energy to semi- conductors, water filters, antibacterial agents, and touchscreens.
The U.S. government once held one of the largest stockpiles of silver on the planet, but had dumped billions of ounces of silver onto the world market over the past few years. This action, which artificially depressed silver prices in the past, has stopped and the government is now a net buyer of the precious metal. This bullish action will decrease the supply of, and increase the demand for, silver – which is the perfect recipe for silver prices to continue to increase.