Silver prices just broke a new record, capping on the strong momentum and performance while continuing to outperform gold β bringing the once-overlooked metal back into the spotlight.
Strong industrial demand, heavier investor participation, and price momentum are collectively driving a shift that revives a familiar question: Is silver finally becoming a credible alternative to gold?
Gold continues to be the most widely used safe-haven asset in the world, with central banks holding trillions of dollars in reserves. But according to the current trend, silver is catching up faster.
Over the past 12 months, silver prices have surged 92%, while gold rose roughly 56% during the same period.
In early June, silver reached its highest level in more than 13 years at the time, when it surpassed $35 per ounce to reach around $36.08.
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