Silver Reaches New Highs After 13 Years: What’s Causing the Price Surge?

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Silver Price Surges to $37.2, Reaching Highest Level Since 2012

The price of silver on global markets has experienced a significant increase, climbing to $37.2 per ounce. This marks the highest point since February 2012, highlighting a notable recovery and renewed investor interest in precious metals.

Recent trends in the precious metals sector have been strongly influenced by rising demand across various industries. In particular, the growth in sectors such as solar energy, electronics manufacturing, and electric vehicle production has driven up the industrial consumption of silver. As a result, silver is increasingly valued not only as a reliable investment asset but also as a vital component in cutting-edge technological applications.

Experts suggest that investors are turning more towards silver as an alternative to gold, especially given gold’s elevated prices. Since the start of the year, silver has delivered a robust 28% return to its holders, further solidifying its position as a promising investment option.

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