US EditionSilver Hits 12-Year High: Peter Schiff Says Rally's Just Starting - Global X Silver Miners ETF (ARCA:SIL), iShares Silver Trust (ARCA:SLV)
- Silver futures rose over 4% on Thursday, trading above $36 per troy ounce, reaching their highest level since early 2012.
- The rally stems from a supply deficit estimated by the Silver Institute to be about 15% in 2024, with a projected shortfall continuing in 2025.
- The price surge reflects increased industrial demand, ongoing geopolitical tensions, weakening US economic data, and expectations of a Federal Reserve rate cut.
- Peter Schiff, a well-known advocate for gold, expressed on X that silver's advance to $36 is already underway and unstoppable.
- The strong upside momentum suggests silver may test $37.04 if it sustains above $36, indicating further gains amid bullish technicals and broad investment interest.
29 Articles
29 Articles
Silver Soars: Precious Metal Hits Record High Amid Global Cues
Silver Soars: Precious Metal Hits Record High Amid Global Cues In a historic ascent, silver prices reached an all-time high of Rs 1,04,100 per kilogram in the national capital, buoyed by robust global trends and strong industrial demand, as reported by the All India Sarafa Association.Aligned with this surge, gold prices rose by Rs 430, reflecting the bullish mood in the precious metals market. The rally in silver, supported by inflation hedging…
Silver Hits 12-Year High: Peter Schiff Says Rally's Just Starting - Global X Silver Miners ETF (ARCA:SIL), iShares Silver Trust (ARCA:SLV)
Silver prices surge on weak US data, trade tensions, and dovish Fed expectations. iShares Silver Trust up 16% YTD, silver miners rising. Bullish outlook.
NBC Chicago
Silver jumps to highest level in 13 years, following gold's 2025 rally
Silver’s surge helped close the performance gap between the two precious metals this year.
Silver’s breaking $35, but traders already have their eye on the all-time high at $50
From Kitco News After years of disappointment, renewed excitement is building in the silver market as prices rise solidly above $35 an ounce, reaching their highest level in 13 years. Spot silver last traded at $35.76 an ounce and is up 8.7% so far this week—its best performance since early May—after prices bounced off initial support above $28.50 an ounce. Jim Wyckoff, Senior Market Strategist at Kitco.com, said this breakout rally has been bre…
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