Silver is the new hot cake

Globally, the demand for silver is at its peak due to a reawakening of the jewelry industry since the COVID-19 pandemic hit in 2020.

Business Stance
Apr 22, 2021
An image of unprocessed silver

The last time silver experienced a high level of demand was in 2015 but things are about to get pretty interesting for the shiny precious metal according to the Silver Institute.

The jewelry industry, particularly silver, is set to experience a major reawakening with a rise in prices since the COVID-19 pandemic hit in 2020.

Silver is used to the produce goods like solar panels and electronics. It is also considered to be a valuable commodity that investors buy in order to accumulate wealth.

Would you consider trading or buying silver to keep?

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Business Stance
Business Stance

Written by Business Stance

Business Stance is dedicated to ensuring that every Nigerian comfortably stays one step ahead with an in-depth view of the global financial markets.

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