It's not wise to dismiss Neumeyer's prediction that silver will be worth $100. Silver has a range of established industrial uses in electronics and medicine, and it will also play an important role in the industries of the future. The Buffett indicator suggests that the stock market is overvalued, which could lead to increased consumption of silver and a rise in its price. Demand for silver is on the rise, but production has been hit hard by the pandemic.
Silver is often overlooked when it comes to movements in the world market, but it is an important factor in understanding the commodity markets and the market in general. Data from the Silver Institute predicts that silver will remain in a global supply deficit in the coming years. Silver can be used as a hedge against inflation and can be a good investment during times of economic uncertainty. It is also seen as a more affordable precious metal than gold, so demand for investment in silver is likely to exceed available supply in the coming decades.
When considering investing in silver, it's important to pay attention to news headlines and the silver price chart. Billboards around the world have begun to appear with the Wall Street Silver logo, adapted from the original WSB character but with silver hair. Many industries may have to pay higher costs for silver to meet their production goals, as the global silver supply chain can no longer provide it as before the pandemic. We might expect silver prices to rise as the economy declines, but silver is more likely to react than other metals due to its use in many different industries.
