Silver's price is down 49% since January. Is it still a good investment?
The price of silver has dropped substantially from a January high. Here's why it's still a good investment anyway.
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In today's uncertain economic climate, many would be forgiven if strategic investing were far from their top concern. With inflation at its highest level since April 2023, the potential for a Federal Reserve rate hike is not insignificant, and with little job growth , according to a Thursday report, there's much to contend with in today's economy. So investing may understandably be less of a priority. But that could be a costly mistake worth avoiding, especially for those who have yet to get started with precious metals like gold or silver .
Silver, for example, offers investors many of the same advantages as a gold investment does for a fraction of the price . And that fraction has noticeably contracted in recent weeks. Priced at $116.61 per ounce on January 28, according to Priority Gold , the price of the precious metal has declined by 48.6% and, as of July 2, is now selling for just $59.88 for the same amount. This will inevitably lead to questions about the value of a silver investment right now.
Namely, is it still a wise choice, or should those who have yet to add the metal to their portfolio consider alternative investments instead? That's what we'll examine below.
Learn how a silver investment could boost and protect your portfolio here .
While each investor's circumstances will differ, there's a strong argument to be made supporting a small but strategic investment in silver now. Here are three reasons why it could make sense: