Why Silver's Bull Run is Just Beginning in the Precious Metal Market

Monday, 28 October 2024, 13:42

Bull run in silver has just started as the precious metal shows strong potential for growth. With gold outperforming silver, analysts predict a significant rise ahead. Silver's increasing popularity and solid demand position it favorably for future gains.
Finbold
Why Silver's Bull Run is Just Beginning in the Precious Metal Market

The Bull Run Analysis of Silver

Silver has been on a historic bull run for the last two years, trading close to a 12-year high. Despite this, the precious metal has significant ground to cover.

Market Sentiment and Performance

As market sentiment remains bullish for both gold and silver, analysts are cautiously optimistic about a potential surge for silver.

  • Silver's demand continues to rise.
  • Current trading at roughly $33.42 per ounce with significant potential.
  • Projected target price at $66.91 per ounce could yield over 100% upside.

Comparative Performance: Gold vs. Silver

While gold is trading 44% above its 2011 peak, silver is 29% below its all-time high. This dislocation presents a unique investment opportunity.

Future Potential for Silver

As macroeconomic conditions evolve, silver is poised for a parabolic growth trajectory, mirroring gold's past performance metrics.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe