Credit: T.Voekler / CC-BY-SA 3.0

For the last 10 years, silver prices have jumped astronomically even when compared to silver. However, unlike gold, there was a significant drop in silver prices last year after a 10 year high. Silver presents a great opportunity for investors today, as, despite low prices last year, the demand for silver stays at record levels.

The main advantage of the silver metal is that besides using it as a hedge fund against inflation or currency devaluation, it has wide use in industrial applications. The huge demand from these industries is slowly diminishing the silver supply, causing silver prices to rise. Factually, silver is even rarer than gold to find on the earth’s surface. Silver prices are geared to rise phenomenally, and this is the right time to invest in silver.

While there are many ways to invest in silver, some might work better than others for a particular investor. It will depend on the investing capacity, risk-taking ability and knowledge of the investor regarding the industry.