Silver price rallye
The first time since more than a decade Silver price rises to $30 an ounce. Currently we are trading at $30.80 which is +30% on an annual base. Gold did only +20% YoY which shows, that during a decent precious metal rallye Silver normally outperforms Gold.
The ATH for Silver is still some distance to go, we reached almost $50 many years ago. Since it is a smaller market than Gold prices can be very volatile. The next step could be the are around $35, that we saw about 12 years ago.
How far do you think can Silver price rise in the coning months?
