Axis Knowledge Nugget - 19
Axis Mutual Fund
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Top 5 Reasons to Invest in Silver
From being used as currency in ancient times to its widespread use in industries and next-gen technologies, silver has immense value and uses. It is considered auspicious, and a safe investment haven in times of poor economic outlook.?
Some properties of Silver that make it versatile:
????It is a soft metal with a lower boiling point
????It is the best reflector of visible light known to man
????Has relatively higher metal conductivity compared to other metals
Here are 5 reasons you should consider to invest in silver:?
????Attractive investment avenue
Silver is publicly traded on commodity exchanges. Silver ETFs have seen a strong demand post pandemic. Further, its price movement has low correlation with stock markets. This means silver prices may hold firm in the poor economic outlook, when other asset prices are going down and in times of elevated uncertainty. Its stability makes it attractive to investors.
????Hedge against inflation
Historical data proves that silver prices rise in inflation. Thus, silver acts as a hedge against inflation.?
?????Industrial uses
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