Silver Price Surge
Silver has reached a new record, surpassing $50 an ounce, and its potential for further growth is being discussed.
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, outperforming gold's 50% rise.
- Silver is the best-performing commodity in 2024.
- It is a potential candidate to be the best-performing commodity this year as well.
Blue Ocean Equities suggests that the silver price could go parabolic, as previous bull markets show that silver outperforms gold by 2-4 times during the acceleration phase.
Author's summary: Silver price may surge to $70-80/oz.
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