In this article I will be writing about the investment on silver and how it is gaining the popularity then gold in the market. As we all know, gold is considered as the good investment option and the prices keep rising to the new heights. Only very few people have the knowledge on silver market and in the recent days, silver’s prices are skyrocketing and touching the new heights. It is predicted that the price will go up as the demand for the silver is more and supply is less. This article explores some of the key facts on silver and how it is giving the good returns than gold. If you have any doubts please post it in the comments section. Subscribe to our future articles here.
Rise in Silver Prices
There is sharp rise in the silver prices from 2005 year onwards. When talking to the experts, silver is considered as the best investment option after gold. In the recent days, this thought has caught the investors and started investing more on the silver. Apart from silver as the investment, it has many uses in the industries where the demand of the silver is increasing every day.
The use of silver in the electrical appliances and medical products has increased since 2001. Also the silver is heavily used in the semi-conductor companies. It increase the demand for non-investment purpose.
How to invest in Silver?
The only option to invest in the silver is to buy physically from the store. There is no online trading for silver in India. In my previous articles, I have explained about the ETF trading for gold. But, there is no ETF trading for the silver in India. Other countries have this option. We can expect this in future. However, you may buy it from the store and sell in the future for good price. I would strongly suggest for the investment on silver because there is more chance for the price rise in coming years. If you are investing Rs.500000, invest at least 20% in the silver. Buying the silver or gold directly from the store is called as Spot Market.
When buying the gold you will be choosing the best quality by asking whether it is hallmark or 22 caret. When buying the silver, please ask them whether it is sterling silver. Sterling silver is 92.5% pure, so it is easy to resale for the same market price.
Where to Invest : Silver or Gold?
Here I am not saying that silver is always the best option than gold. Gold and Silver is like twins, if the price of gold increases silver also will increase. Same case when the price is falling down. But, the amount you need for the investment in gold is more compare to the silver. You can start your silver investment with less price. That is the reason I prefer silver for the investment of all kind of investors. Also, don’t invest the entire amount in same time. Looking into the market, if the price going down buy it and wait for next price falls. It will be balanced.
What is the price of Silver Bars?
Price of silver is increasing every day. Last year the price for one silver bar was Rs.17400. At present it is Rs.27000. With in one year Rs.10000 increased. The stock of the silver also less compare to the gold in the market. It is predicted that, the price of the silver may touch Rs.45000 by next year.
I hope this article would be very full for the investors who are not aware of the silver and its demand. It will be eye opener for them to start investing on the silver market. I will keep update this blog about more news related to silver and its prices. Keep watching this place by subscribe here. If you have any doubts please post it in the comments section.