Where is the silver price headed in the next decade?

Silver is seen as a good investment now and beyond. This precious metal is known for its volatility and this characteristic has been on display since 2019. What does the silver market look like in 2022?

In 2021, the price of silver fell by more than 10%. There are many reasons why this happened. However, the price rebounded and the silver market looks more bullish in 2022.

• A resurgence in the demand for silver by retail investors
• Various production delays in various mints across the globe
• The growth of the solar energy industry
• The growth of clean energy power generation
• The demand from Chinese industries that use silver
• The global silver mining deficit

Silver tends to play catch up especially with gold when it is in a bull market. The gold-silver ratio has risen to 80/1 and this is expected to improve in silver’s favour this year and beyond.

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