(Pexels)
One of the top-performing assets over the past few weeks has been silver and silver miners. The precious metals complex as a whole has had a strong performance, but silver's breakout has been nothing short of spectacular. A few months ago, the metal was worth under $12/oz. Today, it is worth nearly $23/oz, essentially doubling in value in only five months.
Unlike many rallies in the market today, silver is driven by fundamentals. Despite the economic slowdown, inflation expectations have actually been on the rise due to aggressive monetary policy (and production