Silver Price Surge
Silver has reached a new record, but its potential for further growth is still being discussed.
Silver could ease climb to US$70-80/oz, says Carlos Crowley Vazquez from broker Blue Ocean Equities.
Despite gold consistently hitting new records, silver bulls have been frustrated by the lack of big moves in the price. However, silver was the best-performing commodity in 2024 and is a strong contender for this year as well.
- Silver is up by around 65% year-to-date.
- Gold's rise is 50% year-to-date.
A report by Blue Ocean Equities analysts suggests the silver price could go parabolic, outperforming gold by 2-4 times during the acceleration phase.
Author's summary: Silver price surges to record high.