Will the price of silver go higher? | Metals Mine

  • Will the price of silver go higher?

    From theglobeandmail.com

    The price of silver is up 35 per cent over the past 12 months, recently closing near US$38 per ounce and reaching almost US$40 per ounce three weeks ago. The all-time peak price for silver was US$49.45 per ounce, reached on January 18, 1980 during a squeeze by the Hunt brothers. That price fell by 50 per cent over the next four days, though. What else is driving this rise in the price of silver and where do we see it heading from here? Silver is increasingly used in solar panels, electric vehicles, artificial intelligence hardware and defence applications. Demand climbed from 993 million ounces in 2016 to 1.16 ... (full story)

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