Should you invest money in silver in 2024?

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Passiveearner

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Investing in commodities could be a really great thing to do. Silver is one such kind of precious and valuable commodities due to the fact that this commodity has a really great demand. Moreover, this commodity is also considered one of the best commodities. So, should you invest money in Silver in the year 2024?

 

Starmix

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I need millions of course, and I also have no talent in buying and selling silver. It may be a profitable business for those who have a passion on this.I do not have a passion on this.

 

nomad

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They say investing in silver is profitable, even more porfitable than investing in gold. The logic behind this is silver has a wide use case in the industry so it is always in high demand

 

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For me l think that it's indeed a very good idea to make sure that you make a very robust and diligently research before making any investment be it online or offline.

 

Starmix

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I want to invest this but what silver do you mean? Do you mean the tangible silver or virtual. Silver is costly too the same as gold. It's good to invest them.

 

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Springtime

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So far, I have just invested in physical gold which I thought is a safe investment. I haven't looked into silver. Do not have much knowledge about this commodity. I may look into it in the near future.

 

Suba

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I don't have knowledge and skills about silver, so I didn't choose silver as part of my investment portfolio. Even though the price of silver is cheap and carries a small risk, the price of silver is very dependent on industrial demand, besides that silver also requires care so that the quality of the silver does not decrease.

 

Starmix

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Investing on silver is not my vuo5of coffee. Though its value appreciate but taking it isn't easy as protection against burglary and safe keeping. You may always spend sleepless nights thinking about it's safety.

 

bestwriter

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One has to keep an eye on the market value before deciding to buy and sell

 

Ofonime

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I don't know anything about silver but I heard people trade it with gold the only commodity which I know how to trade is stock and forex I don't have any knowledge on silver trading or gold

 

Shavkat

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I prefer to invest more on gold than silver. It is a wise idea to have them as an investment.

 

eldavis

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From what I know, silver is and has always been a good investment to go into. The most important thing is having the knowledge needed to do it.

 

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Bisolami

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Passiveearner said:

Investing in commodities could be a really great thing to do. Silver is one such kind of precious and valuable commodities due to the fact that this commodity has a really great demand. Moreover, this commodity is also considered one of the best commodities. So, should you invest money in Silver in the year 2024?

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Have you checked the chart of silver any of these days? It has really gone up and I can boast my chest that if I have any free money, I will invest in silver

 

Sanjeev

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I don't know if it is profitable but investing in gold is always profitable because the rates of gold increases very fast every day

 

Starmix

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It's also good to invest in silver. The price of silver this month goes up. I want to invest on this.

 

Hate2Wait

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Investing in silver and Gold is a good option because you can expect to make profits in long run and there is a very slight chance of facing losses

 

Starmix

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Silver and gold never depreciate, it continues to appreciate as years go by. The risks is if you sell at a low price because of financial need.

 

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I have heard investing in silver is very profitable but i haven't seen the reason to do so yet.

 

Starmix

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I loke to invest in gold and silver, but I need million capital which I am still so far to reach the amount .

 

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I would easily be convinced to invest in gold but not in silver because it doesn't have a resale value.