The best silver investments of 2017 belong to these four types of assets…
- Physical silver
- Silver exchange-traded funds (ETFs)
- Silver trusts
- Silver stocks
Today, we're going to show you one specific investment from each asset class that could hand you generous double-digit returns this year. These picks are courtesy of Money Morning Chief Investment Strategist Keith Fitz-Gerald, who believes silver is absolutely essential for every investor to own.
"Silver is not traditionally an investment that will offer quick, explosive gains over a short period," Keith told Money Morning Members. "However, looking ahead, silver has the real potential to see double-digit gains in 2017 fueled by a number of key factors that will bolster demand in the coming months."
One of the biggest catalysts for silver this year will be rising demand. Here's one of the biggest reasons silver demand will climb higher this year…
This Is Why Long-Term Silver Demand Will Rise
Simply put, silver is a metallic conductor of electricity. Its conductive qualities have made it the second most industrially used commodity after crude oil. Silver is a critical component of semiconductors, tableware, batteries, and dental alloys, among dozens of other important tools.
"The versatility of the metal makes it one of the top conductors of electricity and the second best reflector of light after rhodium," Keith said.
Its light-reflective qualities make silver perfect for solar energy. In fact, the solar energy market is the biggest industrial consumer of silver.
About 90% of all photovoltaic (PV) cells in solar panels use silver paste. According to the Silver Institute's World Silver Survey 2017, 76.6 million ounces of silver were used in the production of PV cells last year. This was up 33.9% from 57.2 million in 2015 – the strongest annual growth since 2010. Not to mention 2016's PV silver demand made up 13.6% of total industrial demand, which was 561.9 million ounces.
And soaring solar panel demand this year will only increase demand for silver. Energy analytics firm GTM Research forecasts the global solar market to grow by 9.5% in 2017 to 85.4 gigawatts (GW). That's up from 78 GW of solar energy capacity in 2016.
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Silver's growing use in the solar sector is one of the biggest reasons silver is essential to own this year. That's why Keith just recommended these silver investments to make in 2017.
These investment vehicles encompass all four major types of silver assets: physical silver, silver ETFs, silver trusts, and silver stocks…