| Silver prices may be down now, but think long-term. There are a few factors I am closely watching that suggest silver is going to surprise investors in a big way. This may be bold, but I am not ruling out a silver price of $50.00 an ounce in the next few years. Yes, that’s more than a 200% increase in silver prices. Industrial Growth to Boost Silver Prices?
You see, oftentimes it is forgotten that silver isn’t just used for investments and making jewelry. The grey metal has a massive industrial use as well. In fact, the industrial sector is the biggest consumer of silver. To give you some idea, in 2014, the total demand for physical silver was 1.1 billion ounces. Industrials used 594.9 million ounces of silver; simple math will tell you this represents a little more than 56% of entire demand...............................................Full Article: Source
|