Silver Price Surge
Silver has reached a new record, surpassing $50 an ounce, raising questions about its potential future growth.
According to Carlos Crowley Vazquez from Blue Ocean Equities, if gold continues to rise, silver could climb to $70-80/oz.
Silver has hit a new record, but it could still go really crazy.
A report by Blue Ocean Equities analysts noted that silver was up 65% year-to-date, outperforming gold's 50% rise.
- Silver was the best-performing commodity in 2024.
- It is a potential candidate to be the best-performing commodity this year as well.
Historical bull markets show that silver tends to outperform gold by 2-4 times during the acceleration phase, suggesting a potential parabolic price movement.
Author's summary: Silver price may reach $70-80/oz.