Silver is expected to experience significant demand, with its end uses ranging from jewelry and silverware to industrial and technological applications. In the long term, silver industrial demand will likely benefit from widespread vehicle electrification, the growing adoption of 5G technologies, and the advancement in the solar energy sector.
Amid this backdrop, it could be wise to invest in fundamentally sound silver mining stock Fortuna Silver Mines Inc. (FSM) for solid growth in 2024. However, investors could hold Pan American Silver Corp. (PAAS) and Gatos Silver, Inc. (GATO) and wait for a better entry point in these stocks.
