Silver Snaps Back to $38: The Metal’s 14-Year Comeback Is Turning Heads
Main Idea
Silver has surged to $38 per ounce, marking a 32% increase since January 2025, with analysts predicting further gains and highlighting its resurgence after 14 years.
Key Points
1. Silver has risen 4.89% in the past month, outperforming gold, which dipped 0.07% in the same period.
2. The metal last reached $38 in March 2011, after previously peaking above $35 in March 1980 and dropping below $14 in March 2020.
3. Analyst Michael Oliver predicts silver could surpass $50, citing market forces and short-squeeze potential.
4. Philip Streible of Blue Line Futures believes silver's time to shine has arrived, given platinum's rise and gold's stability above $3,300.
5. Peter Schiff argues silver is the true standout in today's market, dismissing bitcoin's price peaks as a distraction.
Description
While gold has quietly drifted 0.07% lower over the past month, silver has been busy stealing the spotlight with a 4.89% climb in the same 30-day stretch. The last time silver flirted with or topped $38 was back in its legendary 2011 rally. $14 to $38: Silver’s Wild Ride Has Bulls Eyeing $50 to $100
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