Silver is often called ‘the poor man’s gold’.
Historically, when the two commodities were money, gold was used for large exchanges and silver used for smaller exchanges.
But silver is not just a precious metal. It’s very widely used in industry. The white metal is used in all kinds of electronics, medical applications, dentistry, water purification, photovoltaic cells for solar energy, technical textiles, car batteries...and many other applications.
In many industrial applications, it doesn’t have a substitute. In fact, the IEEE considers silver to be a electrically critical element.
Silver tends to be sensitive to interest rates, inflation, and energy prices, just like gold, though the sensitivity may vary.
Industrial activity, demand-supply forces worldwide, the movement of the rupee against the dollar, mining supply, and inflation are some of the price determining factors.
Silver tends to play ‘follow the leader’ behind gold with a small lag.
When it comes to investing in silver, Indian investors had the only option of buying in physical form earlier. But now with the launch of silver ETFs on the exchanges, investors can hold silver electronically.
When buying silver in the form of bars and coins, investors should take extra care to check for purity.
Read more about how to invest in silver in India.
Also check out Equitymaster’s YouTube playlist on when and how to buy silver.
Oct 26, 2024
Will gold and silver continue to rise? Find out...
Apr 23, 2024
Higher Inflation is good for these companies.
Oct 25, 2023
Smallcaps are impacted more than their large counterparts during market drawdowns. But the silver lining is that during the rebound, they bounce back stronger.
Apr 14, 2023
These reasons explain why the silver price is at a multi-year high.
Feb 23, 2023
Should you trade gold or silver? Find out...
Aug 22, 2022
All the reasons why silver price is falling.
Aug 2, 2022
Long term investors need to know about these 4 potential crises that could hurt their portfolios.
May 20, 2022
This is why I think the silver bull market will continue.
Apr 15, 2022
As interest rates rise because of higher inflation, programmed buying will automatically come into gold and silver.
Mar 10, 2022
This is why I am very bullish on silver.
Jul 29, 2024
While gold and silver prices have experienced a downturn, this jewellery stock has bucked the trend.
Apr 9, 2024
The top 5 reasons why the silver price is rising.
Apr 19, 2023
The recent crash in IT stocks has created an interesting opportunity for investors. Read on to know how...
Mar 15, 2023
What kind of impact will the current US banking crisis have on the Indian stock market?
Jan 5, 2023
How will gold and silver prices move in 2023? Find out...
Aug 13, 2022
Jim Rogers has a knack for spotting opportunities way ahead of others.
Jul 28, 2022
How long should we wait for a recovery in gold and silver? Find out...
May 4, 2022
Gold and silver prices are looking reasonable, or are they? Find out...
Mar 11, 2022
This is why you should be investing in silver.
Mar 2, 2022
How you can trade profitably during a war.