Silver's recent trading price of $36.56 marks a significant rise of 105% since August 2022, buoyed by safe-haven demand, industrial utilization, and supply shortages. Experts forecast a likely increase to $40 per ounce this year. Despite a robust market performance recently, potential risks include a rising U.S. dollar and fluctuating industrial demand. This article juxtaposes the recent performance of silver against gold, showcasing silver's substantial gains amid current challenges in the economic landscape.
Silver is up 25% from a year ago and has room to run higher, with many analysts predicting $40 per ounce by end of year.
Near-term, silver prices could easily appreciate with strong industrial demand, supply issues, a weaker U.S. dollar, and ongoing geopolitical tension.
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