Silver, it seems, is everywhere. The precious metal’s dual role as both an investment and industrial metal means that while it can be bought physically or in paper form by investors, it also has myriad technological and medical applications.
It’s in part because of those many uses that some silver market watchers think at some point — perhaps in the near future — demand for the metal will exceed supply, creating a shortage.
Speaking to Mining Weekly at the Toronto-based PDAC convention earlier this month, Andrew Chanin, co-founder of the PureFunds ISE Junior Silver ETF, is one person who believes that’s what’s in the cards. He gave three reasons why he thinks a supply crunch is in store for silver. These reason are:
- Mine closures
- Increasing industrial applications
- Growing investment demand
See full story on silverinvestingnews.com
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