Silver is one of the many precious metals you can invest in. It might be wise to invest in silver when:
You’re seeking long-term growth
Silver isn’t just a metal to collect and stow away for the future. It has endless real-life uses, and with those uses — and future, yet undiscovered ones — comes the potential for growth.
“Silver is not only a precious metal but also an industrial metal,” says Sankar Sharma, CEO of Risk Reward Return. “Silver is used in medical applications, solar panels, batteries, nuclear reactors, semiconductors, touch screens and more.”
It’s also a large component in electric vehicles, which have jumped in production and popularity in recent years. By 2025, The Silver Institute estimates that 90 million ounces of silver will be needed for vehicle production.
Alien Metals Ltd (LON:UFO) is a global minerals exploration and development company that will shortly make the transition to iron ore producer. The company was formed from Arian Silver in late 2018, retaining some of the companies more valuable Mexican projects before embarking on an acquisition led strategy, headed up by an excellent geological team and targeted entirely on Western Australia.