- Silver has a big industrial application and could be also used for batteries.
- The metal has been in a supply deficit for the last three years but prices haven’t yet reacted.
- The bullish case is very strong. There’s significant downside, but the upside is greater.
Two weeks ago we discussed how it’s a good time to start dollar cost averaging precious metals due to ballooning central banks’ balance sheets, the end of a 30-year low inflation period, and the current relative cheapness of precious metals in relation to their 5-year highs. Today, we’ll discuss how silver might be the better option to gold as it’s historically cheap, it has been in a supply deficit for the past three years, and its industrial usage is growing while production is declining. More →