Silver is Having a Golden Year as Prices Rally
July 21, 2020
Gold has had an impressive rally this year, and is not far from its all-time high, but silver is also having an impressive run. Silver prices have rallied recently, bringing them to the highest level since 2014.
The rally is even more impressive when you consider that silver prices are up more than 80% from their year-to-date low, which was reached in March when the pandemic roiled the economy.
Silver’s strong performance is attributable to its status as both a precious metal and an important industrial metal. Silver is poised to do well both as investors look for the safe haven of precious metals and as economies continue to improve.