India’s Growing Solar Industry Boosts Silver Demand Despite Potential Market Risks
September 27, 2024Preparing Your Investment Portfolio for the Fourth Quarter
September 29, 2024Looking back to nine months ago, recent data confirms that Gold is not just having a successful year, but is actually experiencing its most remarkable year yet. As Gold prices continue their impressive climb, reaching new all-time highs week after week, it is evident that we are witnessing a significant moment as the yellow metal pushes towards unprecedented levels. The market has been buzzing with excitement as Gold surpassed the $2,600 per ounce mark for the first time. Analysts at GSC Commodity Intelligence are now turning their focus to Silver, anticipating that this precious metal may be the next to reach record highs. Since last October, Gold has been on a rapid ascent, hitting 37 all-time highs in 2024 alone. Recently, Gold reached a new peak of $2,670 per ounce, showing a remarkable 48% increase over an 11-month period. Notably, Gold’s performance has exceeded that of Bitcoin, the S&P 500, and seven major stocks. Silver has also seen impressive growth, rising from under $20 to $32.20 per ounce within the same timeframe, outperforming Gold with a 61% gain. Analysts suggest that Silver prices could soar even higher based on historical trends, potentially reaching $50 per ounce.