Amid rising uncertainties for the global economy — as well as lingering geopolitical tensions and flashpoints — it's no surprise that gold has witnessed a record-breaking spike in market value. Still, those interested in precious metals may consider a similarly in-demand asset: silver. Billed as both a store of value and a powerhouse of industry, silver's demand profile could intrigue retail investors.
Closely linked to gold, silver's relative rarity and desirability have historically led to its use as a store of value. As such, investors who wish to gradually protect their wealth from the effects of rampant inflation may find the silver narrative appealing. At the same time, the framework that has really gotten Wall Street's attention is demand from industrial sectors.
