By Stephanie Collins
Seeking Alpha
Silver has become a valuable commodity investment in the last few years. Although the last couple of years have been a roller coaster for mining companies, many investors interested in precious metals like the fact that silver has considerable more industry usage than its more notorious counterpart gold.
According to a recent HSBC report on the outlook for silver in 2013-2014, there are five reasons that may drive silver prices higher:
- Industrial Usage
- Demand based on Monetary Easing
- Jewelry
- Coins and Bar Demand
- Use in Solar Power Devices
If silver prices move to higher levels as expected, I believe a few companies stand out to benefit. Here are just a few I have keep a close eye on.