It’s tough to be pessimistic on silver at current prices, says portfolio manager
“‘Silver does not represent large components of end products,’ Smirnova explains, pointing out that electronics, cars, and medicines don’t use a lot of the metal per unit, so an economic slowdown probably won’t have a big impact on it. Its use in solar applications is also ‘insulated from economic growth” because that market is ‘more driven by government incentives and the need for renewable energy.’ Instead, it’s the ‘return of retail investment demand [that] will be the driving force behind an increase in the silver price,’ Smirnova predicts.”
USAGOLD note: Conclusions similar to our own. . . We will remind our readers that when silver moves to the upside, it tends to move in grand fashion. Please see chart above.