Chart Of The Day: After $60 Silver Breakthrough, What Next?
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MoneyShow2.32K FollowersFollow5ShareSavePlay(3min)CommentsSummarySilver just broke through another key price level traders had been watching - $60 an ounce. So, what will the “junior” precious metal do next?The MoneyShow Chart of the Day shows the last three months of trading action in silver futures. If you step back a bit, you see its track record is even more impressive.The iShares Silver Trust has now more than doubled year-to-date, well ahead of the 59.1% run in the SPDR Gold Shares. The abrdn Physical Platinum Shares ETF has essentially split the difference, gaining 80.5%.Over the longer term, both official and private investors are continuing to plow money into alternative stores of value. That includes gold and silver. asbe/iStock via Getty Images By Mike Larson Silver just broke through another key price level traders had been watching - $60 an ounce. So, what will the “junior” precious metal do next? Let’s start by looking at the MoneyShowThis article was written byMoneyShow2.32K FollowersFollowMoneyShow — an industry pioneer in investor education since 1981 — is a global, financial media company, operating the world's leading investment and trading conferences. Each show brings together thousands of investors to attend workshops, presentations and seminars given by the nation's top financial experts. The company also offers exclusive seminars-at-sea, with the investment industry's leading partners. In addition, MoneyShow operates the award-winning, multimedia online community, Moneyshow.com and publishes free Investing and Trading newsletters, which provide individual investors with exclusive ongoing access to the latest investment and trading ideas from the nation's most respected and trusted financial newsletter advisors.Quick InsightsWhat is driving SLV's outperformance versus GLD and PPLT?SLV's outperformance is fueled by robust investor demand, persistent supply deficits, and its role as an alternative store of value amid macro uncertainty.How could upcoming Fed decisions impact silver prices near-term?A hawkish Fed stance or fewer rate cuts could strengthen the dollar and temporarily pressure silver, but long-term fundamentals remain bullish.What is the outlook for silver's supply-demand balance through 2025?Silver is projected to close 2025 with its fifth consecutive annual deficit, as industrial, jewelry, and investment demand outpace mine and recycling supply.Recommended For You