/biz/ - Business & Finance

>>25325984
>Silver has no value. It is useless block of metal with no use in the real world.

>>21017190
Yes, but it's lagging, unless a new report comes out that indicates a massive decrease in industrial demand

In other words, Goldman Sachs comes out with a report saying "industrial demand for silver world wide has gone down by 50%" - spot price would likely fall in the immediate short-run ceteris paribus

Over the long-run, imagine 1,000,000 factories, and at varying times they decrease their orders for silver, either how much they order, or stop ordering altogether, which lowers the price, but that happens over the longrun

To go a little deeper, I think the implication of your question is with corona decreasing industrial demand, how will that affect the spot price?
The products that use silver are generally high technology / electronics, which are still in high demand

With that said, we all know the economy is only going to go worse, so yes, there will be downward pressure from lowered industrial demand, but not exceeding the increase in demand from the major capital flight worldwide to a safe haven asset

>>17801783
I don't want to believe you, but my head says you're right.
>Economic issues
>Cheapen products = less silver
>Less products = less silver
>Photography? Lulz. Less silver.
Less demand = lower price