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The Strength of Silver Lurks Quietly in the Background
Rising silver prices may have been lost in the shadow of gold’s rally near the end of the first quarter. But the prospect of rate cuts could bode well for the metal moving forward. Like gold, silver prices shot higher near the end of a mostly sideways trading Q1. As a result, the year-to-date gain of the S&P GSCI Silver pushed past 16% in April before retreating recently. Green energy initiatives have been giving the white metal fundamental tailwinds. That gave way to record industrial demand in 2023. The white metal’s use in green energy technology like solar panels and electric vehicles give it an ... (full story)