In ten years’ time, David Morgan thinks silver will be one of the best investments due to industrial demand. gold bitcoin PreciousMetals
collected by the Silver Institute, the world’s silver demand will hit a record 1.112 billion ounces in 2022.
“[USGS] said that silver would be the first element on the periodic table that would be in such short supply, and that was a few years back,” Morgan detailed. “Just the industrial side alone is probably going to take all the silver available at some point in time.”If you’ve got a long time horizon, like ten years or more, I can’t think of something that would be better than a silver investment.
FX Empire Strategist Highlights a Gap in the Silver Futures Market, Analyst Expects ‘a Lot of Downward Pressure’ However, in the short term, fxempire.com’s precious metals analyst Christopher Lewis envisions silver dipping below $18 per ounce. Lewis says there’s a“At this point, it looks like we will fill the gap rather soon, perhaps down to the $18.50 level. If we break it down below there, then the $18 level is also important, as it is a large, round, psychologically significant figure, and an area where we have recently seen a lot of support.
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