Engelhard Prospector 1oz Silver Rounds

It’s not only gold that glitters. Since touching its weakest level in more than a decade in March, silver has doubled to a seven-year high of almost $23 an ounce.

Partly, it’s a rally fueled by the same low-yield, weak-dollar haven dynamic that has pushed bullion to within spitting distance of a record. Investor demand is booming and silver — which is the best conductor of electricity — has industrial uses, too. Short-term supply, meanwhile, has been dented by pandemic-related closures. The metal can keep shining.

The entire article, with additional supporting facts, by Bloomberg Opinion columnist Clara Ferreira Marques who is covering commodities and environmental, social and governance issues, can be read by following the link Silver’s Overlooked Rally.

The Silver Institute, meanwhile, estimates retail bullion coin sales jumped by an estimated 60% in the first half from a year earlier. Speculative interest in China, which helped drive silver to all-time highs in 2011, is also showing signs of life.  To view many different silver options go to Captains Coins.

Source: Silver’s Overlooked Rally May Put Gold in the Shade