Silver
Silver has been considered a precious metal for many centuries with the first use as a currency around 600 BCE. Silver serves a reasonable store of value to Gold as it is cheaper, while offering similar protection to that of Gold.
Further, Silver has an intrinsic demand in Industry due to its special properties. Close to 60 percent of Silver demand in 2019 came from industrial applications. It is the best conductor of electricity in addition to being highly malleable. From electrical switches and solar panels to chemical producing catalysts, its unique properties make it nearly impossible to substitute.
Almost every computer, mobile phone, automobile and appliance contain Silver. It is a great choice for electronic circuitry and therefore sought after by the electronics industry. As computerization, vehicle electrification and solar energy use increase, the annual global industrial demand for Silver of approximately 17,140 tons is expected to grow in the future.
Investing in precious metals such as silver can be a wise choice for diversifying your investment portfolio. At eBullion, you can easily buy and invest in silver online in India without the hassle of physically storing the metal. eBullion offers a secure storage option for your silver investment, making it a convenient and reliable option for those looking to invest in precious metals.
