Silver Price Surge
Silver has reached a new record, surpassing $50 an ounce, raising questions about its potential peak.
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 has outperformed gold, with a 65% increase year-to-date, compared to gold's 50% rise.
- Silver was the best-performing commodity in 2024.
- The silver price gained momentum in September, moving above $50/oz.
- Blue Ocean Equities suggests the silver price could go parabolic, outperforming gold by 2-4 times during the acceleration phase.
Author's summary: Silver price surges to record high.