Silver Price Surge
Silver has reached a new record, breaching US$50 an ounce, raising questions about its potential peak.
According to Carlos Crowley Vazquez from Blue Ocean Equities, if gold continues to rise, silver could climb to US$70-80/oz.
Silver has hit a new record, but it could still go really crazy.
A report by Blue Ocean Equities analysts Carlos Crowley Vazquez and Elaine Faddis notes that silver was up by around 65% year-to-date, outperforming gold's 50% rise.
- Silver was the best-performing commodity in 2024.
- It is a strong contender to be the best-performing commodity this year as well.
Blue Ocean Equities suggests that the silver price could go parabolic, as historical bull markets show that silver outperforms gold by 2-4 times during the acceleration phase.
Author's summary: Silver price surges to record high, expected to climb further.
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