Michael DiRienzo, CEO & President-the Silver Institute said at the point, we are encouraged by what we are hearing on institutional investment and are releasing a report on why institutional investors should invest in silver later this year.
We think this is the missing component of a substantially higher silver price. Moreover, many investors enjoy that silver is considered a dual metal (both as an investment and its industrial qualities) and its price point compared to other precious metals. We strongly feel that although the silver price has performed well this year, there is much more running room to take the silver price higher.
We have seen precious metals take off in times of economic shock and, in the most recent case, during the global pandemic. Currently, and just taking the U.S., we have massive government and consumer debt, and our government continues to print money.
We are also facing a commercial real estate bomb primarily due to the “work from home” movement started during the pandemic. Interest rate cuts also draw investors’ interest as they turn to precious metals as a vital portfolio asset. The U.S. Fed could cut rates later this year, with additional cuts in 2025, which could benefit the silver price and market.
