The price of silver has been on a tear in recent months, rising from around $18 per ounce in January 2023 to over $22 per ounce in July. This has led some investors to wonder if the silver bull market is finally here.
Key points:
- The silver bull market is being driven by a number of factors, including rising inflation, concerns about the global economy, and increased demand for silver from the solar industry.
- Silver is a good hedge against inflation, as its price tends to rise when the cost of living goes up.
- Silver is also seen as a safe haven asset, as investors tend to flock to it during times of economic uncertainty.
- The solar industry is a major driver of demand for silver, as the metal is used in the production of solar panels.
Additional information:
The article also discusses some of the risks associated with investing in silver, such as the volatility of the silver market and the possibility of a decline in demand for silver. However, the author concludes that the silver bull market is still in its early stages and that there is still plenty of upside potential for the metal.
Link to original article: https://moneyweek.com/investing-in-silver-bull-market