Silver is one precious metal that has its own significance in our Indian Society. Surely, the precious metal makes an amazing gift in times of occasion or festivity. But have you ever considered silver as an investment? How good an investment is Silver? Should you consider investing in?
If these things are something that you have not yet thought about, it's time that you know the basics about silver as an investment.
Here, we would take a look at everything that you need to know about the precious metal and it's market and everything that you need to consider before investing in silver.
Reasons To Invest In Silver
You will find a plethora of reasons to add silver to your investment mix. It is natural for you to wonder if it is safe and worth the investment and also what returns to expect. Here are some reasons to invest in silver.
- Store for Value- Silver is, like gold, a secure store for value and physical silver can be held by anybody at a negligible risk. Physical silver is a good option to invest in because of it’s own reasons. First of all there is no depreciation for value and there is no risk as the value does not fluctuate with market value. You can have physical silver to yourself and there is no party involved making contracts or any kind of promise. For the same reason, having physical silver ensures the fact that it cannot be defaulted upon. It is regarded as a smart choice of you want to convert cash into some hard physical silver which is a guaranteed safe investment in your hand to liquidate anytime you want. Thus, that makes physical silver a kind of investment you can anytime fall back upon.
There is yet another reason for you to consider investing in physical silver. Being a hard asset, physical silver is protected from any form of hacking and cyber crime.
- More Affordable Than Most Of The Investments- Keeping silver in their portfolio is definitely a good choice for the small investors as it comes for 1/70th of the price of gold! So, in case you are looking for a cheap investment that would cover you well in times of need, silver is for you. Also, silver is has a greater liquidity as compared to gold, being of a smaller denomination. You might just not prefer to sell your assets in gold in times of small financial jam. That is when you need silver to get you through. You may carry it with you no matter where in the world you go. Silver can be sold virtually anywhere in the world easily.
- Investors have an upper hand- Silver investors have an upper hand when it comes to performance in the bull market. The silver market in India is really small. Actually, so much that a little fluctuation in the inflow or outflow does have a huge impact on the overall price of silver and also other assets. Silver has been considerably outperforming gold in the in the bull market as it soars faster than any other assets.
- Growing Industrial Use- Industries have ever been using silver to manufacture products as it is both electrically and thermally conductive. It is tough to name any industry if you can which does not include the use of silver. Also, in the recent years Government is reducing the inventories of silver. Being of a smaller denomination, silver is warehoused in only a few countries like USA, Mexico and India for coinage. With the increase in industrial usage and lesser availability the demand for silver is sure to rise shortly and so will it's price.
- Supply is about to fall- On one hand the world demand did or the precious metal is growing, and on the other hand the supply of silver is about to fall. So you can easily derive the effect it will have on the price. Silver prices soar high till 2011 and then it did come to a peat. Therefore, the miners had to cut the cost of exploration of new silver mines in order to mitigate the losses which makes it obvious that silver has been mined in a lesser quantity since then. Therefore having invested in Silver, it is sure that you are going to gain much out of it in the future. So in case you are thinking of stockpiling some of physical silver today, it would be definitely a good option.
Silver Rate In Bangalore Today
It is important that you consider silver rates in your city before investing in silver. Bangalore has the second biggest market for precious metal, Chennai being at the top, in Southern India. The prices of silver in Bangalore is driven by the price of the commodity in the international market. Let us take a look at the prices of silver in Bangalore today and in the days gone by.
Date
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Silver (1 gram)
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27 March, 2018
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Rs. 41.8
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26 March, 2018
|
Rs. 41.6
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25 March, 2018
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Rs. 41.6
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24 March, 2018
|
Rs. 41.6
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23 March, 2018
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Rs. 41.6
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22 March, 2018
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Rs. 41.5
|
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