David Morgan, of the Morgan Report, has created a Gold IRA rollovers guide to help investors understand the long-term bullish thesis on silver (discussed below). While silver's momentum has been strong, a rational investor must remain alert to a possible short-term correction. Market participants should know that they can also invest in silver through an exchange-traded fund (ETF).That's slightly below the current price (about 1 percent lower) and well below the year's previous silver high. The graph also shows the current upward trend in the price of silver, driven by the economic uncertainty surrounding the COVID-19 pandemic.
And of course, for those who prefer a more tangible investment, buying physical silver ingots in the form of ingots and coins is also an option. However, this type of fall in silver is most likely to rob the Federal Reserve of a buzzword regarding the inflation transition. From a contrary point of view, most of the recent posts on silver-related social media platforms have been very optimistic, including a post about a taxi driver who explains to the author why he was optimistic about silver and cryptocurrencies. All of this justifies the forecast that silver prices will rise by 50% or more by the end of this decade.
However, the idea that silver prices generally rise when the stock market falls is essentially correct. I still have good reason to believe that silver is an undervalued asset compared to other investments. London is seen as the center of the physical silver trade, while the COMEX division of the New York Mercantile Exchange, called NYMEX, is where most paper trading takes place. Matt Watson, founder of Precious Metals Commodity Management, believes that, over the next decade, silver will greatly benefit from increased industrial demand, in particular from the electric vehicle, solar photovoltaic and electronics industries.
The three key factors discussed below will have the greatest impact on the price of silver over the next 7 to 10 years. In other words, silver prices could fall by a modest amount in the future, but they could rise tremendously.