Silver favored by Main Street Investors in 2020

Well according to a Kitco article it seems silver favored by main street investors in 2020. It seems like our favorite precious metal silver is set to outdo all the others. Of course this just could be wishful thinking so let’s take a quick look at why they are choosing silver. It seems that silver is going to be needed when the economies of the world bounce back. Yes, it looks like the world is not going to plunge into a zombie plagued apocalypse which bodes well for silver.

Silver is going to be needed when industrial demand picks up steam. No it’s not going to rocket to 100 dollars an ounce but the gains could be considerable. A 20 to 30% rise on your investment in a year is not too bad. When demand starts to rise it is quite possible to make extraordinary gains if you are holding silver or silver coins. This just could be the start of a multi year bull run in the rare and much needed commodity.

Silver favored by Main Street Investors in 2020

For the fourth straight year, silver was voted as the metal most likely to outperform the other precious metals and copper during the year ahead. This year, 1,820 people participated in an Outlook 2020 online survey. A total of 794 Main Street voters, or 44%, said they expect silver to fare better than other metals in the year ahead.

Gold came in second place, with 526 votes, or 29%. Another 213 of the survey respondents, or 12%, favored platinum. Voters cast 178 ballots, or 10%, in favor of copper. Palladium garnered only 109 votes, or 6%. That was the same percentage as a year ago. Of course, palladium confounded voters in 2019, posting a 50% rise so far this year and touching $2,000 an ounce for the first time ever.

Silver favored by Main Street Investors in 2020

“Silver is the most beat-down metal of them all; just look at the chart,” said one Kitco reader. “It’s found its btm [bottom] and only one way to go — up! Palladium is in a blow-off parabolic move, which is going to end badly for people buying it right now.” As of Thursday, the gold-silver ratio stood at a historically high 84.5, meaning it takes 84.5 ounce of silver to buy an ounce of gold. A high number means underperformance by silver, and vice-versa.

A number of Wall Street analysts told Kitco News in recent weeks that they see potential for silver to outperform gold. “Over the last few years, investment for silver and gold disconnected quite a bit,” said TD Securities strategist Daniel Ghali. “Over the last few months, however, there have been signs that the correlation of investment activity for both metals has turned positive again. We are optimistic on the prospect for gold, but we think it will pay off more for those who…purchase silver. We think the industrial demand side of the equation will improve later in the year.”

Silver favored by Main Street Investors in 2020

Added Phillip Streible, senior market strategist with RJO Futures: “The ratio between gold and silver will continue to crack lower, favoring silver and taking away from gold. Silver will take from some of the other metals like platinum and palladium, and the trade deal will help boost the technology demand for silver.”

The tally in favor of silver for 2020 is comparable to a year ago, when 43% of voters said that they expected silver will be the top performer in 2019. Gold was second place in the year-ago vote with 34% of the voters. Copper, palladium and platinum drew 12%, 6% and 5% of the vote, respectively. Of course no one really knows what the price of anything will be at the end of 2020.

Silver favored by Main Street Investors in 2020

One thing is certain though the outlook over the next 10 years is good for silver. We are entering an age of unprecedented technologies. From self driving cars to robotic devices for manufacturing and home. All this and more is about to explode into the market places around the world. This technology is going to need silver. Right now could be the best time in history to get yourself some silver coins.

You can start saving and investing in Silver Coins easily today at QuickSilver Home Business. Legal Tender Silver Coins from around the World. It’s as easy as clicking on the Banner below and signing up to a monthly auto-plan. Select your budget and start building your wealth today in Silver. There has never been a better time in history to start protecting your wealth with silver. It just could be the most undervalued asset on the market today.

Get a Free Silver Bar
RSS
Follow by Email
Facebook
Twitter
Pinterest
LinkedIn