Silver Price Surge
Silver has reached a new record, surpassing $50 an ounce, prompting 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 noted that silver was the best-performing commodity in 2024, with a 65% year-to-date increase, outpacing gold's 50% rise.
- Silver price gained momentum in September, moving above $50/oz.
- Previous bull markets show that silver outperforms gold by 2-4 times during the acceleration phase, suggesting a potential parabolic price increase.
Author's summary: Silver price surges to record high, potentially reaching $70-80/oz.