Silver Prices Are Up Nearly 35% in 2024. Here’s What You Need to Know.
Supply deficits and increased demand have contributed to a strong bull run in the silver market in 2024
Supply deficits and increased demand have contributed to a strong bull run in the silver market in 2024
The soybean/corn ratio peaked in late August, but has since retraced back toward its historical average, thus creating a tidy profit for pairs traders that pounced on this opportunity in late summer
The price of gold is up roughly 18% since the start of November, and the recent rally appears to have been triggered by a breakdown in the U.S. dollar
The Gold/Silver ratio started 2022 trading at roughly 78, but has since rallied all the way up to 93, and the relative strength in the ratio appears to be rooted in silver weakness.
The price of gold recently hit a five-month high and is trading just 9% below its all-time high, setting up the potential for a dramatic finish to the year.
After a quiet start to the year, the precious metals sector of the financial markets has caught fire in recent weeks, with gold prices poised to capture a fresh all-time high.