Silver has reached new 2-year highs, surpassing its 2021 highs, with predictions that it could quickly reach $50. Meanwhile, gold has seen a significant uptick in 2024, with a 12% increase, outperforming the S&P 500's 10% gain. In China, silver has risen by 5%, and with gold reaching new highs, an increase in silver demand is anticipated. Spot gold has surpassed $2,330, and in the Shanghai market, silver futures experienced a 7% limit up, while gold futures rose by 3%.
Shanghai #Silver futures hit a 7% limit up on Monday morning, and #gold futures are rising 3%. #China https://t.co/7z2NdqLqTL https://t.co/tcX5kcbcxR
Spot #gold > $2,330
Silver in China up 5% Now that we’re seeing new highs in gold, expect silver demand to catch up. https://t.co/dzXeK5GnSt https://t.co/EO3PYBVZsA
#Gold is up 12% so far in 2024, outpacing the S&P 500’s 10% gain. https://t.co/GU8KMRDv0r
Silver new 2 year highs. Through the 2021 highs and $50 comes quickly is my guess. https://t.co/HPFxkaK4Wp https://t.co/5ioqalNnlW