SILVER LONG
Target is shown on chart
Also the fundametal reasons why silver may rally in 2022:
nasdaq.com/articles/4-reasons-why-silver-etf-rally-is-possible-in-2022
(1 - Industrial Usage & ESG Transition)
Silver is often considered as an industrial metal too. About 50% of the metal’s total demand comes from industrial applications, while 30% comes from jewelry/silverware/coins and medal manufacturers. The industrial demand for silver is rising, especially on the green energy front. Silver is used in solar power and electric vehicle applications. Hence, growth in the global solar PV industry, a likely rebound in global computer shipments, as well as new sources of demand for sensors used in IoT are providing a boost to silver demand.
(2 - Rollout of 5G)
The recent emergence and rollout of 5G globally is another positive for silver. The electronic components that enable 5G technology depend on silver greatly. Silver’s role in the electronic applications used in 5G is forecast to rise significantly to approximately 16 Moz by 2025 and as much as 23 Moz by 2030, which would mark a 206% rise from the current level, per a report from the Silver Institute.
(3 - Cheaper Valuation Compared to Other Metals)
Silver has the best chance to rise in 2022, said Gainesville Coins precious metals expert Everett Millman, as quoted on Kitco.com. "It is so cheap relative to other metals and other commodities. And it figures prominently in emerging technologies and green energy. It is a perfect storm for silver to finally break out in 2022, especially after it really lagged gold these past few years," per Millman.
(4 - Supply Deficit in the Cards?)
The Silver Institute forecasts a supply deficit for the physical silver market in 2022. A research report from Wisdomtree reveals that capital expenditure in the mining industry has been low due to the pandemic. That should help tighten the supply of silver.
Follow the ETFs:
Aberdeen Standard Physical Silver Shares ETF (SIVR)
Invesco DB Silver Fund (DBS)
ProShares Ultra Silver (AGQ)
Also the fundametal reasons why silver may rally in 2022:
nasdaq.com/articles/4-reasons-why-silver-etf-rally-is-possible-in-2022
(1 - Industrial Usage & ESG Transition)
Silver is often considered as an industrial metal too. About 50% of the metal’s total demand comes from industrial applications, while 30% comes from jewelry/silverware/coins and medal manufacturers. The industrial demand for silver is rising, especially on the green energy front. Silver is used in solar power and electric vehicle applications. Hence, growth in the global solar PV industry, a likely rebound in global computer shipments, as well as new sources of demand for sensors used in IoT are providing a boost to silver demand.
(2 - Rollout of 5G)
The recent emergence and rollout of 5G globally is another positive for silver. The electronic components that enable 5G technology depend on silver greatly. Silver’s role in the electronic applications used in 5G is forecast to rise significantly to approximately 16 Moz by 2025 and as much as 23 Moz by 2030, which would mark a 206% rise from the current level, per a report from the Silver Institute.
(3 - Cheaper Valuation Compared to Other Metals)
Silver has the best chance to rise in 2022, said Gainesville Coins precious metals expert Everett Millman, as quoted on Kitco.com. "It is so cheap relative to other metals and other commodities. And it figures prominently in emerging technologies and green energy. It is a perfect storm for silver to finally break out in 2022, especially after it really lagged gold these past few years," per Millman.
(4 - Supply Deficit in the Cards?)
The Silver Institute forecasts a supply deficit for the physical silver market in 2022. A research report from Wisdomtree reveals that capital expenditure in the mining industry has been low due to the pandemic. That should help tighten the supply of silver.
Follow the ETFs:
Aberdeen Standard Physical Silver Shares ETF (SIVR)
Invesco DB Silver Fund (DBS)
ProShares Ultra Silver (AGQ)
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