Ryan Stancil,
Editor
Feb. 14, 2022
Don’t count silver out.
That’s a lesson that has to be restated any time gold is in a bull market.
Whenever the price of gold rises, it gets plenty of attention. Thanks to its longtime status as a hedge against inflation, a store of wealth, and a metal that has been sought after throughout history, it’s constantly on the minds of investors.
Silver, on the other hand, is often an afterthought.
Some outlets might cover the fact that it tends to go up in price when gold does, but most seem to simply forget about it.
But it makes sense that silver goes up in price when other commodities like gold do. Like gold, silver has been used as a form of currency throughout history. Even today, collectible silver coins have their fans. Some of the rarest examples command multimillion-dollar values.
And don’t forget about silver’s use as both jewelry and silverware. Certain examples of those have also brought in vast sums of money and have held their value over time.
Not only that, but silver also has its industrial uses.
With countries all over the world doing what they can to get away from fossil fuels, solar power is seeing more use. But solar panel technology wouldn't be possible without silver. That’s because silver powder is used to conduct electricity that can either be used right away or stored in batteries.
To expand on that, silver is also used throughout electronics manufacturing because it conducts electricity so well. The device you’re reading this on has some silver in it. Anything with an on/off switch does.
It’s also a valuable element to the medical industry. Silver keeps bacteria and viruses from growing, thus making it essential to the sterile environments required to keep patients safe. Surgical tools, needles, and countless other medical devices often have silver embedded in them to make them as effective as possible.
Those are just a few examples, but it just goes to show how widespread the use of this metal is, even though not many people pay attention to it.
Even when it's ignored, silver’s usefulness means that it’s always going to be a strong store of value.
That creates an opportunity for savvy investors. They’re able to take advantage of what’s essentially an under-the-radar investment and bring in gains while most others are looking somewhere else.
Over the past few weeks, silver has been seeing a steady climb in price that’s likely to only go up thanks to several factors. Because of runaway inflation and the threat of Fed rate hikes, investors are looking for places to store their money and withstand the volatility. Silver is one way they’re doing that.
And while some investors are doing things like buying up physical silver, there’s another way to take advantage of this emerging bull market.
As silver takes off alongside other commodities, investors will be looking for little-known plays to make the most of their money.
This new silver mine will provide the perfect opportunity.
The stock for the company behind it has already doubled since it had its IPO, and it’s only going to go up as the bull market continues.
It’s still early enough that investing now can lead to massive gains when things take off. Learn all the details to see just why this silver play is one to watch.
Keep your eyes open,
Ryan Stancil
Editor, Daily Profit Cycle