2024-07-09 13:04:47 ET
Summary
- Silver price tripled from March 2020 low to February 2021 high.
- Silver broke through critical resistance in Q2 2024, reaching the highest price since 2012.
- Investment demand will determine how high silver can rise, with industrial demand increasing.
- iShares MSCI Global Silver and Metals Miners ETF is a fund that owns shares of the leading primary silver mining companies.
Silver (XAGUSD:CUR) is a volatile precious metal that fell to an $11.7350 low in March 2020 as the global pandemic gripped markets across all asset classes. A little less than one year later, in February 2021, the price nearly tripled to a $30.16 high....
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SLVP: An Opportunity As Silver's Price Consolidates