Here are a few reasons we think you should!
🏭Multiple uses leads to higher value: Silver serves both as an investment asset and an industrial metal, intrinsically increasing its worth and demand within investors. This can make it attractive during multiple periods (not just economic turmoils).
📈Upside potential: The price of silver as of right now is ~₹75,000 for 1kg of silver, and expert are tracking that it will reach ₹85,000. So even if you think the price is inflated, there is still upside potential for you to take advantage of!
📉Volatility hedge: Whenever investors panic, we know that they in general rush to precious metals cause it’s something that is solid, yes, gold tends to perform during these times, but so does silver. If you already are invested in gold, you can consider adding silver to your portfolio to give it that extra edge.
💸Cheaper to purchase: Since it is cheaper than gold, when prices dip, you can collect some silver coins and invest in them easily. It is something that you can accumulate overtime. And, it is the second most common metal for Indians to purchase for jewellery, it has lower making/breaking charges, so it can be more lucrative for you to hold silver coins/bars and maybe even make yourself some jewellery in it in the future, because you will lose lesser of it’s value.
📲Digital access: There are ways for you to invest in silver without having to physically hold it now. There are mutual funds and ETFs that allow you to do so!
Would you invest in silver? Let’s discuss it in the comments and we’ll see you in the next one 🪙
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