On January 18, 1980, silver reached an all-time high price of $49.45/troy ounce.
Silver will reach $100 per ounce the quickest if inflation approaches double digits in 2022 and 2023. The inflation rate is expected to be around 5% in 2021. Since 2008, this has been the most remarkable rate of inflation.
The price could grow within the range of 500%-2500% in ten years. We have a track record supporting this prediction; between 1970-1979, the price grew from $1.70 an ounce to about $50, a 3000% growth in 10 years.
Silver price predictions for next 5 years | experts say
Three months ago, a Reuters poll predicted silver prices would average $23 per ounce in 2023 and $24 in 2024, sharply higher than the $20 for 2023 predicted in the last poll.
It has applications in technology and batteries — both growing sectors that will drive demand higher. Silver's two sides could both be seen last year: Silver demand hit record highs in 2022, according to the Silver Institute, with physical silver investment rising by 22 percent and industrial by 5 percent over 2021.
The year-to-date silver price average for 2023 (through to February 7) is more than 8 percent higher than the full year price average for 2022. Silver is also expected to achieve a new high in industrial applications, the most important category in the demand complex.
Silver can be considered a good portfolio diversifier with moderately weak positive correlation to stocks, bonds and commodities. However, gold is considered a more powerful diversifier.
The affordability of silver makes it possible for anyone to buy small quantities regularly to build a sizeable portfolio over time. As a result, many experts recommend a precious metal portfolio that ideally consists of 75% gold and 25% silver.
Silver is now rarer than gold and will be for all of eternity. From this point forth we work from current silver production alone and, from this point forth, demand will outstrip production without exception. [Can you imagine what that means for the future price of this, indeed, precious metal?
Silver remains an attractive investment option in 2023, mainly as a hedge against inflation and other economic uncertainties. When the government prints too much money, the value of the paper currency tends to decline, and prices go up.
That being said, silver is currently considered a very rare and undervalued above-ground precious metal.
A store of value: Silver can hold its value and even gain over time, providing a way for investors to generate profits. Liquidity: Silver is generally a liquid market, and if you're buying certain kinds of silver assets, they're highly liquid.
Silver has, without a doubt, tended to appreciate in price over time and thereby preserve its value against inflation. Many in the financial industry refer to it as an “inflation hedge” for this reason.
Over very long periods of time, silver has historically served as an effective hedge against inflation. However, in any given year or decade, silver may not be the best way to protect your portfolio.
Older 90 Percent Silver Coins Are Worth at Least Their Face Value. All silver half-dollars, quarters, and dimes made between the 1830s and just prior to 1965 are, at a minimum, 90 percent silver. These coins are often referred to as “junk silver,” but they're hardly junk when it comes to their value.
The price of gold and silver also increase with the value of inflation because they are currency-denominated commodities.
Silver reserves worldwide 2010-2022
Silver is a soft, white lustrous metal. In 2022, the total global reserves of silver amounted to some 550,000 metric tons.
Silver is less expensive than gold: Your money can buy more silver than gold, in part because silver is more abundant in supply. Silver has more uses: Silver is highly conductive and used in industry and commerce more than gold.
Silver Supply Can't Be Predicted with Certainty
The world may eventually run out of silver at some point, but this is also true of other precious metals like gold and platinum. However, it's not possible to accurately predict when this could happen with any degree of certainty.
If you want a cost effective way to build up your precious metal investment portfolio, then invest in a 1 Kilo Silver Bar. These bars of . 999 fine silver provide better value than smaller bars when you compare the price per ounce. You'll own a whopping 32.15 ounces (that's one kilo) of fine silver.
Silver coins are considered the easiest to sell, since it's fairly easy to quickly liquidate (i.e., get cash for) coins.
Asian skin tones are flattered so well by classic golds like 14K and 18K which have a more yellow colour to them. Rose gold also works really well and can add softness with that little blush of pink.
RHODIUM: TOP MOST VALUABLE METAL
Rhodium is the most valuable metal and exists within the platinum group of metals. It is used in jewelry for a final finish on white gold jewelry. It occurs in the very same ore in which gold and silver exist – only, in smaller quantities.
Which is best for investment: gold or diamonds? Gold is often regarded the better investment option over diamonds, as this precious metal is more easily traded and is often viewed as a currency with a stable, increasing value over the long term.