As the world economy continues to evolve, the precious metals market is experiencing a new wave of interest. The centre of this focus is an intriguing question: Could the price of Silver hit $100 per ounce? Citing various factors such as escalating demand, industrial applicability and inflationary concerns, some experts believe it is a very real possibility.
They point to the enormous increase in the money supply over the last two years, emphasizing that this expansion will likely devalue fiat currencies leading to a surge in Silver and Gold prices. Concurrently, the rise in green technologies like solar panels also needs silver for manufacturing, further fuelling demand.
However, there are also skeptics who caution against such bullish sentiments, indicating that the market conditions are far too volatile for such a prediction. The discussion continues, underscoring the importance of diverse portfolio management for protecting one’s investment in such uncertain times. Read More
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