Is Silver set to outperform Gold by 2024?
Silver vs. Gold: Will Silver Outperform Gold by 2024?
Silver has been performing remarkably well lately, driven by a surge in industrial demand and market deficit. The price surge and positive market sentiment indicate a favorable outlook for the precious metal.
Demand surge and market dynamics
Silver's rally is backed by growing industrial demand, particularly in renewable energy sectors like solar panels. This increasing demand is projected to result in a market deficit for the fourth consecutive year, with potential supply shortages in the near future.
Silver price analysis
With a substantial industrial demand, persistent supply deficits, and impressive price performance, silver is poised to outperform gold by 2024. Its dual appeal as a monetary asset and industrial component presents a lucrative opportunity for investors and industry stakeholders.
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