American Silver Eagles make great investments because they carry an intrinsic value and won't fall in value like other currencies. Silver Eagles come with a limited mintage. This means American Silver Eagles produced under specific conditions guaranteed their rarity.

Silver bullion coins like American Silver Eagles can be used as currency but can be spent for their face value. This would cap the value of Silver Eagles at $1, which is far lower than the spot price of silver with a premium included.

In December 2021, Capital Economics published itsoutlook for precious metals in 2022 and beyond. It projected that silver prices would average $25 per ounce in 2022, $26 in 2023, and $27 in 2024. They cite strong industrial demand as the main catalyst for silver growth. Secondary factors are low mine supply growth.

Silver is a Valuable Asset: The two precious metals, gold, and silver have always been dependable investments with intrinsic value that has never waned over the centuries.

5 Pros of silver investment

• All-weather store of value - It's tangible money.
• Silver is an effective portfolio diversifier for beginners.
• Silver offers higher returns than gold.
• Silver is a safe-haven investment.
• Versatile metal with plenty of uses – Continued demand.
• Fear drives prices negatively.

Silver is generally seen as a safe investment, but its value ebbs and flow more than gold does.

Silver Price Prediction for 2023: experts suggest that the demand for silver may outstrip its supply, leading to potential price support of at least $22 per ounce for the rest of the year. Industrial demand and developments in renewable energy technology could further contribute to the rise in silver prices.

You want a risk-free investment If you're not prepared to ride out the waves of this volatility, you may want to explore other investment options. As Sharma puts it, "Silver is ideal for a long-term investor who is not afraid of seeing volatility."

Amongst its 5-year predictions, it forecasted that silver prices could range from $18 to $50 in 2024. This depends on the level of inflation, interest rates, US dollar strength, industrial demand, and investor sentiment.

Silver is Recovering from its All-Time Low Levels From here, the uptrend looks more feasible and there is a very limited downside to this metal considering the recent market trends. Due to this reason, you can consider silver as an investment option. Checking silver price today is a step in the right direction.

Economic Downturns Another major risk factor for silver investors is that the price of silver tends to decline during economic recessions and periods of low growth. When recessions hit or growth stagnates, industrial activity declines. With less demand from industrial uses, the price of silver tends to fall.

The price of silver in India today is ₹ 74.10 per gram and ₹ 74,100 per kilogram. Silver price in India is determined by international prices, which move in either direction.