Reported 1 day ago
Silver prices have soared to levels not seen in 13 years, driven by a surge in demand for precious metals as investors diversify beyond gold. Spot silver reached over $35.90 an ounce, marking a 4.2% increase, fueled by improved market conditions and strong inflows into silver-backed ETFs. While gold has appreciated by 44% over the past year, silver has seen a 20% rise, indicating a renewed interest among investors. With its dual role as both a financial asset and an industrial material, particularly for clean energy, silver is poised for a continued upward trend amidst ongoing market dynamics.
Source: YAHOO