6 Ways You Can Invest In Silver In Singapore
#SilverSqueeze
February 8, 2021
In recently weeks, investing in silver has been gaining widespread attention – mainly fuelled by the #ShortSqueeze by Redditors on the WallStreetBets subreddit or WSB. WSB itself has grown its subscriber base to more than 8 million members – more than Singapore’s population!
On the back of Redditors entering silver investments, silver prices have surged to close to 8-year highs. Of course, those following the saga will also know that stocks such as GameStop, AMC Entertainments, Nokia and many more surged several hundred percent due to the influx of these investors.
As an investment, silver is a precious metal commonly used as a store of value (second only to gold). This makes it a good hedge against crisis and inflation, as it tends to retain its value better than a country’s currency or during a market crash. Silver is also used as jewellery and tableware, as well as for electronics, solar pane