Silver Surges, Then Slips: A Year of Record Highs

Silver prices soared to an all-time high of eighty dollars an ounce, but later dropped by over three percent. Despite the decline, silver futures remain above seventy-five dollars per ounce. This year, silver has surged by more than one hundred fifty-five percent, outpacing golds seventy percent gain. Investors have been drawn to silver as a safe haven due to geopolitical tensions and concerns about the U.S. deficit. Additionally, strong industrial demand for silver in electronics, solar panels, data centers, and electric vehicles has boosted its price. Although the recent pullback has traders on edge, silvers impressive yearly gains indicate it remains a popular investment. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.