Dawn Bennett, founder and CEO of Bennett Group Financial Services, and other respected investment analysts have studied the increase in silver investments, especially over the last financial quarter. Silver is has become a fairly reliable precious metal for investors who are concerned with market volatility and who wish to diversify their wealth.
Although it was a somewhat volatile stock in 2015, silver has rebounded this year due to three main components: its use in industry (from electronics to construction materials to water treatment), investment demand, and concerns with supply. Silver producers cannot mine enough silver to match the current, and increasing, industrial demand. This means the price on silver will continue to rise, and although it will remain more volatile than gold, that volatility means silver can be bought at cheaper prices and be sold for more profit when it’s at a high point on the market.
Some prominent investment analysts, such as Dawn Bennett of Bennett Group Financial Services, recommend that those individuals new to investing in silver consider two possible ways to obtain it: either purchase and store the silver themselves, or buy it and have a company store it for you. It is smart to consider taking both actions and properly diversifying silver investments. Other possibilities are purchasing silver through an online brokerage or buying silver stocks, such as Silver Wheaton. How high silver prices will go will be determined by industrial demand, investment demand, and supply. Investors believe that even with its volatility, silver is a safe bet to use for diversification and protection against inflation and economic downturns.
