Silver prices have been on a tear lately, outpacing gold and shattering records in the process. With inflation simmering and interest rates taking a toll on investors, many flocked to gold for protection – but silver has quietly been flying under the radar, growing at an astonishing 200% from its January 2025 low.
The current price of silver per ounce stands at $79.93, a far cry from the $31 it was trading at just 11 months ago. While some investors may be tempted to wait for prices to drop, experts caution against this strategy. Silver prices tend to only rise over time, making waiting for a temporary dip an expensive mistake.
So why invest in silver now? Like gold, silver offers a valuable hedge against inflation and can help diversify a portfolio. However, unlike its more established counterpart, silver isn't typically seen as an income-generating asset. That being said, the price chart for silver over the past year shows both metals offering rapid profit potential.
But with industrial demand for silver expected to remain strong, waiting around may not make sense. Instead, consider consulting with a financial advisor or precious metal expert to determine how silver can play a role in your portfolio.
For investors looking to get in on the action, keep in mind that dealer mark-ups can significantly increase prices. However, if you're looking for an affordable way to gain exposure to the inflation-hedge and diversification offered by silver, now may be the time to consider it – just be sure to cap your allocation at 10% or less to avoid overexposure.
In summary, the current price of silver is a tantalizing prospect for investors looking to hedge against inflation and diversify their portfolios. With its consistent rise in value over time and potential rapid profit potential, now may be the perfect time to explore investing in this cost-effective precious metal alternative to gold.
The current price of silver per ounce stands at $79.93, a far cry from the $31 it was trading at just 11 months ago. While some investors may be tempted to wait for prices to drop, experts caution against this strategy. Silver prices tend to only rise over time, making waiting for a temporary dip an expensive mistake.
So why invest in silver now? Like gold, silver offers a valuable hedge against inflation and can help diversify a portfolio. However, unlike its more established counterpart, silver isn't typically seen as an income-generating asset. That being said, the price chart for silver over the past year shows both metals offering rapid profit potential.
But with industrial demand for silver expected to remain strong, waiting around may not make sense. Instead, consider consulting with a financial advisor or precious metal expert to determine how silver can play a role in your portfolio.
For investors looking to get in on the action, keep in mind that dealer mark-ups can significantly increase prices. However, if you're looking for an affordable way to gain exposure to the inflation-hedge and diversification offered by silver, now may be the time to consider it – just be sure to cap your allocation at 10% or less to avoid overexposure.
In summary, the current price of silver is a tantalizing prospect for investors looking to hedge against inflation and diversify their portfolios. With its consistent rise in value over time and potential rapid profit potential, now may be the perfect time to explore investing in this cost-effective precious metal alternative to gold.