Demand for silver is expected to remain significantly high this year and beyond, driven by its end-use applications in various industries, including jewelry, electronics, automotive, and solar energy. In addition to strong industrial demand, silver is highly valued by investors. As a safe-haven metal, it can be a good hedge against inflation and an economic downturn.
Therefore, investors could consider buying quality silver stock Silvercorp Metals Inc. (SVM) for solid returns. On the other hand, it could be wise to hold Wheaton Precious Metals Corp. (WPM) and SilverCrest Metals Inc. (SILV) and wait for a better entry in these silver stocks.
