According to analysts, most of Silver's recent gains are anticipated to continue into the new year. Experts predict that the price of silver will surpass gold in 2025, even though a probable U.S. downturn in the second quarter would affect industrial demand for the metal.
Silver's Gain Of 2024: Is It Solid?
Silver price has increased by the biggest percentage this year of all the precious metals. Both silver and gold have benefited from the start of the next stage of the worldwide rate of interest cycle in the previous year.
In the meantime, the price has also been physically sustained by the unrelenting rise in demand for solar photovoltaics and a robust recovery in projected demand from India.
Although this year's sector-leading rise was notable, the analysts noted that the high gold: silver ratio indicates that silver continues to be historically cheap in relation to gold. In the latter phases of bull markets, silver often performs better than gold, and a return to the 27-year average proportion of 67 due to a silver rally suggests a price of $40/oz.
