Silver Nears $50 Amid Inventory Crisis, Outpacing Gold Silver Nears $50 Amid Inventory Crisis, Outpacing Gold - iShares Silver Trust (ARCA:SLV)
Benzingaยท2025-10-05 16:16
Silver prices closed last week at multi-year highs, coming within reach of their 2011 peak of $49.95 per ounce. Investors piled into precious metals amid shrinking inventories and growing signs of a market squeeze.Front-month COMEX silver settled around $47.60 an ounce, up 2.9% for the week and roughly 63.8% year-to-date, outpacing even gold's stellar run. The evidence is now clear: the commodity market has entered its second phase, when silver tends to lead. The sole question is: How high?TD Securities' co ...