Continuation of Silver’s Upward Trend: Causes and Future Expectations
Silver continues its upward trend, reaching $32.55 two days ago, its highest level since November 6, 2024, and is currently trading near $32. The biggest challenge lies in reaching and breaking through the $34.87 level, which was the highest recorded last year, specifically on October 22, 2024.
Notably, silver has gained approximately 11% since the beginning of the year, outperforming gold, which has risen by 9% over the same period. Forecasts suggest the continuation of the upward trend for both metals.
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Please note that this analysis is provided for informational purposes only and should not be considered as investment advice. All trading involves risk.