photo by Mark Herpel (digitalmoneyworld) | Flickr.com
Industrial demand for silver has always been high due to the use of the metal in electronic gadgets, medical applications, satellites, weapons systems, etc. Now, however, investment demand for silver seems to be heading toward a sharp increase in years to come as well.
Not only is silver’s low price remarkable, it’s contradictory. It seems to defy the golden supply and demand rule of economics that dictates that with increase of supply, there comes a decrease in demand, and vice versa.
However, the opposite seems to be true in this case.
Meanwhile, it is averaged that for every 1 million ounces of silver mined, 1.5 million ounces are being consumed. Mine production can’t keep up with worldwide demand; rather, scrap supply and urban mining are more and more heavily relied on to meet the demand.
So considering the shortage in supply, the high industrial demand, and the rise in investment demand for physical silver, the price of silver should theoretically be performing better—but it has not yet reached expected levels. However, this might pave way for an extremely bullish market for silver in years to come and cement silver as an even more solid long-term investment than its traditionally entrusted gold counterpart.
Take Advantage of Demand and Sell Your Silver
While the market may be in a relative state of flux, you can always get top dollar for your unwanted silver jewelry, watches, and coins at Cash for Silver USA! To find out how easy the process is, visit CashforSilverUSA.com today.