Gold shines, but silver dulls in IFSL report

clock

Gold will continue to remain the preferred precious metal while changes in underlying demand could see silver's status downgraded to an industrial metal, says research from International Financial Services London (IFSL).

Although demand for silver increased in the 1990s, it has now abated, IFSL says, and even though overall demand has doubled in the past 15 years, the metal’s value as an investment has declined. At the same time, industrial demand for silver is being hit by the change to digital imaging, as silver is no longer required as an ingredient in making film for cameras. Gold, by contrast is in much demand not only by investors and industry, but still holds high cultural status, for example in relation to weddings in India, which partly explains why that country is the biggest consumer of gol...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Infrastructure: A good investment gone bad – and then good again?

Infrastructure: A good investment gone bad – and then good again?

'Infrastructure - a victim of a unique set of circumstances'

Darius McDermott
clock 02 May 2024 • 5 min read
Investment opportunities 'differ by client age group'

Investment opportunities 'differ by client age group'

‘Advisers should consider personal circumstances when it comes to investment’

Isabel Baxter
clock 02 May 2024 • 1 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 02 May 2024 • 2 min read