I see a lot of hype around silver on Youtube. One Youtuber called silver "the most undervalued asset of our lifetime". Maybe he's right, or maybe he is speculating. I don't want to take financial advice from Youtubers and TikTokers. It's great that gold and silver are facing growing demand, coming from various high tech industries. I do believe that the gold prices will keep growing for a while, but I'm not sure about silver. Maybe silver will follow gold, or maybe it will go sideways. The AI bubble bursting is what will determine the future price movements of the precious metals.
But there is nothing to invest in silver besides of gold. But most important is invest in Bitcoin
Gold is already expensive, silver can be another option for those who want to have investment. They are free to decides whether to invest in gold, silver or even Bitcoin. The thing that they must pay attention is only invests with the amount you can afford.
Well, even if we think that the AI bubble will burst, the demand for Silver isn't going to go down. The reason is that Silver is not only used in GPUs and other computing applications, but is also in demand as a major component in electric cars. As we know that in 2030 and beyond, most of the vehicles will be electric and i don't see a reason why Silver will go down anytime soon.
Also, it is used in Solar panels and many modern-day gadgets. I think no matter how much hype, buying Silver under 100$ is still a low price. Isn't?
Even if the demand for silver does not decrease, let's not forget that the supply of silver is abundant. It is not as scarce as gold or bitcoin, and mining it is not as difficult or expensive as mining gold. Therefore, I hold the opposite view. I see no reason for the price of silver to continue rising if demand cannot exceed supply.
Everything happening with silver is merely speculation and hype in the financial market, rather than being driven by real industrial demand. Therefore, investing in silver at this time is very risky.
