How to invest in silver, the precious metal set to shine again

The price of silver – both a precious and industrial metal – has plunged in recent months. Yet it still has huge potential, says David J Stevenson. Here, he looks at the best ways to invest in silver.

Molten silver being poured from a crucible © Molten silver from a ladle
Silver’s uses range from jewellery to water purification
(Image credit: Molten silver being poured from a crucible © Molten silver from a ladle)

Silver has been a dreadful investment over the last six months. Having reached $26.50 per ounce (oz) in March 2022, the price is now just $18/oz. Indeed, in real (inflation-adjusted) terms, dollar-priced silver is lower now than it was just after World War I. Yet the long-term outlook for investing in silver remains auspicious.

The many uses of silver

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David J. Stevenson has a long history of investment analysis, becoming a UK fund manager for Oppenheimer UK back in 1983.

Switching his focus across the English Channel in 1986, he managed European funds over many years for Hill Samuel, Cigna UK and Lloyds Bank subsidiary IAI International.

Sandwiched within those roles was a three-year spell as Head of Research at stockbroker BNP Securities.

David became Associate Editor of MoneyWeek in 2008. In 2012, he took over the reins at The Fleet Street Letter, the UK’s longest-running investment bulletin. And in 2015 he became Investment Director of the Strategic Intelligence UK newsletter.

Eschewing retirement prospects, he once again contributes regularly to MoneyWeek.

Having lived through several stock market booms and busts, David is always alert for financial markets’ capacity to spring ‘surprises’.

Investment style-wise, he prefers value stocks to growth companies and is a confirmed contrarian thinker.