Silver prices have risen since 2000 and will continue to do so over the next ten years because silver has become such a hot commodity. Experts claim that almost 95 percent of all silver ever mined has been consumed or used up by the public. Silver is used in the manufacturing of such products as computer chips, cell phone parts, water purification systems and even some medicines. Silver is quickly becoming one of the most precious metals in the world because not much of it is recycled like that of gold, which is also hoarded by people as soon as they get their hands on it so as to never lose it.
Since silver prices have risen and will continue to do so, collectors and investors are considering investing in silver bars and other silver items in the hopes of making money from silver over the next couple of years. The reasons to invest in silver include the following:
-The cost of the production of silver has risen faster than silver prices themselves and has not adjusted yet accordingly.
-Because of undervaluation of silver prices, there is massive leverage in silver stocks and underlying equities.
-Physical inventories of silver are beginning to fall into stronger hands.
The demand for silver is absolutely mind boggling to the point that silver mines fell 76 million ounces short of the demand over the past two years. In fact, the demand for silver has exceeded its supply value each year since 1990. If this trend continues, which experts believe it will, it should cause the price of silver to skyrocket into astronomical values. As the price continues to rise more and more investors will begin to sell their silver collections in hopes of turning a profit on their original investment, which should not be too difficult to do.