Slowly but surely, inflation is eating up the dollar. There is a lot at stake when the government keeps printing money to boost the economy. This artificial bubble is about to pop. However, no one knows when that time is going to be.
For that reason, plenty of investors are diversifying their investments into precious metals. There is a simple logic behind this behavior. First, no serious investor wants to keep cash or money in the bank that can be printed by the will of a financial institution. Click here to read more.
Second, it is much better to have a limited resource at your disposal. Silver, along with gold, is one of the assets that will undoubtedly benefit from increased interest. In the future, commodity prices are definitely going up.
One of the main reasons for that is the law of supply and demand. There is not much silver to go around, and it is in high demand. That means the price is going to go higher. It is like a perfect storm that is waiting to happen. During the pandemic, the supply of precious metals was at an all-time low. Trading between countries was limited and decreased at that time.