Silver Was Up Almost 6% Last Month Here's Why

Like Gold and other precious metals, silver is a tangible asset that is an inflation hedge. While gold was down 3% last month, silver returned 6%. Normally, gold and silver are correlated, meaning when the price of gold goes up, silver follows and vice versa.

However, silver has unique uses that caused it to produce positive returns. There is a large growth in industrial demand, especially solar panels. 

Silver is a main component to silver panels which will become even more popular with the passage of the Inflation Reduction Act, the largest-ever federal investment in renewable energy. As a result, some of the best performing S&P 500 stocks in Q3 were wind and solar companies Enphase Energy (+50%) and Constellation Energy (+45%).    

Establish A Silver IRA With Lear Capital!

Lear Capital provides investors from all backgrounds and nationalities with options to buy silver via bars or coins. Investors that want additional security and tax advantages can store these in a self directed IRA with Lear Capital.

Lear Capital has been in business since 1997 and has conducted over $3,000,000,000 in precious metals transactions since then.

For a limited time, new clients have the opportunity to earn up to $15,000 in bonus metals when they open a new account.

Invest in Silver with Lear Capital today!