Silver is proving to be the new star in the precious metals arena, outperforming gold with a 35% increase this year. Experts are bullish on silver’s potential, with some predicting it could reach $100 per ounce.
After hitting its highest price in over a decade on May 19, silver continues to attract attention from investors looking for the next big opportunity. The white metal’s recent surge has been impressive, leaving many to wonder if it could become the “new gold” for investors.
Despite some previous uncertainty surrounding silver’s outlook, a bullish triangle pattern identified in March signaled a potential rally in the metal’s price. This pattern, along with other technical indicators, has helped guide investors towards the recent uptrend in silver prices.
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