Silver Price Surge
Silver has reached a new record, surpassing $50 an ounce, raising questions about its potential high.
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 notes that silver was up 65% year-to-date, outpacing gold's 50% rise.
- Silver was the best-performing commodity in 2024.
- It is a strong contender to take the crown this year as well.
Blue Ocean Equities suggests that the silver price could go parabolic, with previous bull markets showing that silver outperforms gold by 2-4 times during the acceleration phase.
Author's summary: Silver price surges to record high.