While gold (GCQ24) traditionally reigns as the preferred safe haven, silver (SIU24) is also reclaiming its historical allure as a store of value. The precious metal has staged an impressive comeback this year, climbing above the key $30 level, and rewriting the highs from 2021 in the process.
Cash silver (SIY00) set new highs above $31 as recently as last week, and is up 31.5% in 2024 - outperforming even gold’s impressive 19.5% returns this year. Following the industrial metal’s major technical breakout, the forecast for silver looks bullish for the second half of 2024 and beyond.
