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Silver (SIN24) is a precious metal used in several industrial applications, and it's estimated that the industrial sector accounts for 50% of total silver demand. In fact, silver is the best electrical and thermal conductor among all other metals, which is why it experiences high demand from manufacturers of electrical appliances.
Moreover, silver is viewed as an investment option globally, similar to gold (GCM24), for its status as a safe-haven metal and a hedge against inflation. With demand for the metal projected to rise, investors can consider adding some diversification to their portfolios via silver exposure. You can either buy a low-cost exchange-traded fund (ETF) that tracks the commodity, or consider investing in companies that mine the precious metal.
