Silver is required to produce circuit boards, microwave ovens, LCD screens, and more, ensuring it’s demand indefinitely. Electronics: Silver is an excellent conductor of electricity and is used in electronics such as TVs, phones, computers, tablets, etc.The common, white mineral is vital in a variety of industrial, consumer, health, electrical, and energy-related sectors, including: Silver is known for being the best at conducting electricity and heat, as well as a great reflector of light. However, the United States debt level was at $930 million at the time.Īs the economy destabilizes due to the pandemic and the debt ceiling tops $4 trillion, silver could be the saving grace for many investors or those with Individual Retirement Accounts, better known as IRAs. In 1979, silver costs increased from $6 to $49 per ounce, boasting a 700% increase within a year.
The price of silver continues to rise as demand surges. Plus, silver coins and bars still hold value during economic downfalls, such as the current state of affairs, when paper currencies, stocks, and bonds depreciate. This combination can offer more bang for your buck as you can purchase higher quantities for lower amounts and earn more leverage on the trading markets. Silver prices are volatile on the trading market but much lower than gold. When it comes to precious metals, gold may be the more popular element for investors due to its high trading value, but silver is becoming more attractive even for expert investors due to its diversity and affordability. Explore our inventory of silver coins and bars below, and feel free to contact our precious metal investment specialists if you have any questions or don’t see what you’re looking for. We treat our customers as individuals and will work with you to help you meet your financial goals.
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