Silver prices continue to strengthen, reaching their highest level since 2011. This surge is driven by strong industrial demand, particularly from the renewable energy, electric vehicle, and technology sectors, while global supply remains constrained. Silver is also considered undervalued compared to gold, making it attractive to investors seeking alternative assets.
Technically, long-term patterns such as the cup-and-handle indicate the potential for a major breakout. Coupled with a five-year supply deficit, analysts predict a 15–20% price increase over the next 1–2 years.
At the time of writing, silver was up 0.68% at $38,251/Toz.
DISCLAIMER
Note: This article is analytical only and is not a definitive reference. Consider fundamental and technical developments in trading before making investment decisions.
Source: Newsmaker.id
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