The recent surge in silver prices, reaching a two-month high of nearly USD 87 per troy ounce, has sparked interest and concern among investors. This development is particularly intriguing given silver’s strong correlation with industrial demand, as opposed to gold, which is more influenced by safe-haven buying. The primary driver behind this surge appears to be the robust performance of industrial metals, as evidenced by the London Metal Exchange index hitting a new record high. However, the situation in Peru, a major silver producer, adds another layer of complexity. Reports suggest that the country’s energy crisis could lead to an (Read more…)
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