A Silver Etf That You Shouldn't Miss!

Old is gold. Even in the modern times gold is the ultimate store of wealth. Paper currencies are fiat currencies. But gold is something solid and precious that investors always flock to in the times of financial distress. Gold prices reached the historical high of $1200/ounce in the last few months. But there is a metal that is even more valuable as compared to gold and people are not talking about it right now!

I am talking about silver. You see, silver like gold has always been considered a precious metal in human history. Kings used to hoard both gold and silver as a measure of their wealth in ancient times. In modern times, gold is still being used as the ultimate store of wealth with silver being the second best.

However, silver has far more industrial applications as compared to gold. Silver is being used extensivley in the electronic industry, batteries,solar panels, TV, water, medical applications plus a host of other industries. With the global economy finally out of the recession this year, demand for silver in these industries will skyrocket.

But with a limited supply that cannot be increased for forseable future, this means sky high prices for silver. So when gold prices increase, they don't effect the global economy much. When oil prices increase, inflation increases in the global economy. But at some point, demand for oil reduces as consumers cut back on their oil demand. So oil prices can increase only upto to a certain point after that it is priced out of the market.

On the other hand, silver has a large industrial demand. Now an important question that comes to our mind is that is this rise in silver prices speculative or due to the real fundamentals. As said before, high silver demand is going to drive this price rise.

So in nutshell, this might be the best time to invest in silver stocks. However, investing in Silver ETFs can be an even better option as compared to silver stocks. The bull market in silver is going to last long as the global economy enters its expansion phase.

One of the best Silver ETFs is the ETF with the NYSE ticker symbol SLV. There might be others too. You do the research, pick the best ones and invest in them as the silver bull market is about to start.

There are a few silver mining companies that focus exclusively on the mining and refining of silver. Investing in the stocks of these silver mining companies can also be one of the options. Whatever, you decide this is the best time to invest in silver that you shouldn't miss!