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In a way, I agree. It will become more popular/commonly used in the area of day-to-day specie than gold, that's solid.Silver, before this is over is gonna be more valuable than Gold. It also hits $30 before year end in my opinion.
Looks like the actual date was May 17th of this year. I think I won. Everyone send me an ounce of gold.Closing above 30 on April 19th 2024.
So nice to see silver up till you realize that the reality is the dollar is collapsing...
Dang, lloks like I was off about a year!Intra-day: May 3rd, 2023
Market close: May 8th, 2023
Looks like the actual date was May 17th of this year. I think I won. Everyone send me an ounce of gold.
Up over 2 bucks yesterday and no-one is talking about it. Strange. I'm going to go with May of 25 for 50.00 silver and gold will probably be around 3k by then as well.
Silver had a very long consolidation which usually leads to very strong moves. This one looks like it's just getting started. View attachment 14142
I am surprised the obligatory rocket has not appeared again.
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Silver has struggled to keep pace with gold over the past year as the yellow metal hit multiple new record highs while its gray counterpart largely remained pinned below $30/oz, but according to one analyst, that could change in 2025, and the gold/silver ratio will start to moderate from its recent highs.
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With its heavy use in the tech and electric vehicle sectors, steady demand coming from the production of LEDs and solar panels, and applications in the medical field due to silver’s anti-bacterial properties, Wee said industrial demand will “likely see additional demand for physically-backed ETFs, with holdings already rising from 684mn oz in May to around 741mn oz in October. On the supply side, mining output should remain constrained in 2025.”
“We thus expect prices to reach USD 36-38/oz in 2025, and advise investors to stay long the metal or use it for yield pickup opportunities,” he said. “Last week’s fall in the silver price makes it a 6.2% consolidation from the late-October high of USD 34.83.”
“Additionally, it has seen the gold-silver price ratio rise from a recent low of just under 79 to around 84. Over the next 12 months, we expect this ratio to decline to the mid-70s, which implies an outperformance versus gold,” he concluded. “We therefore advise investors to stay long on silver and/or use it for yield pickup opportunities.”
Analysts at InvestingHaven are even more bullish on the gray metal, saying, “Silver will test ATH in 2025, and set new highs between 2026 and 2027.” They gave bullish price targets of “$50 in 2025” and “$77 before 2028,” adding a “silver peak prediction north of $82 by 2030.”
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