In many developing countries where gold and silver are so important almost every function in the house is related with it , the dieties the important utensils , earrings and other ornaments , these precious stones are always over the top.
Now the recent survey shows that silver is loosing ground due to cryptocurrencies, and these precious stones are now getting cost stabilized.
What you think is it a good or a bad news ?
Well personally I think it's a pretty good news more and more people will be able to afford it and also I think these precious metals are over valued so it's doing good that it's somehow getting their value down and establishing it's own place.
Do you have links about this silver stabilize issue? Because here in our country Gold and Silver are still the most known assets or investments because Crypto is not just popular. Silver is very useful in the community so i think the demand will never fade so that is why i don't believe that the price will be stabilize because of crypto as what you have said although this will favor the crypto investment if ever silver will be low in demand.