Silver Outperforms Gold in Record Highs
Silver has surged about 75% this year, outpacing gold's 59% gain, as investors seek safe-haven assets amid geopolitical tensions and economic uncertainties.
Spot silver surpassed the historic level of $50 per troy ounce in New York, eclipsing a record set in 1980, and was hovering at over $52 at the time of publishing.
"There's just a lot of concern about the global economy, and when that happens, people turn to hard assets like silver,"
said Michael DiRienzo, CEO of the Silver Institute. Analysts expect silver's value to double in the coming years as investors flock to tangible assets like gold and silver.
- Silver has surged about 75% this year.
- Gold's gain is 59% this year.
- Silver surpassed the historic level of $50 per troy ounce in New York.
Author's summary: Silver has outpaced gold's gains this year, reaching record highs.
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