In today’s video, we look at the potential for a significant silver rally. With gold prices over $2,300 and a projected silver demand of over 1.2 billion ounces this year, analysts are expecting the price of silver to reach $30 an ounce soon. These recent developments alongside expected Federal Reserve rate cuts set the stage for silver to achieve a 10-year price high. We examine the likelihood of a silver rally into the $30 range and assess the forecasts with a critical eye.
Note: At the time of filming, gold prices had just increased over $2,200 per ounce. Earlier this month, gold surpassed $2,300, and has traded over that benchmark consistently for the last two weeks, furthering the case for a silver rally.
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15 сен 2024