Gold Surges Past $3,100 As Tariff Uncertainty Sets Silver Ratio Trade
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Gold Price Surge: Gold prices have surged past $3,100, reaching a new high of $3,128 per ounce due to increasing investor demand for safe-haven assets amid trade tensions and uncertainty over U.S. tariffs. Major financial institutions have raised their price forecasts for gold, with Goldman Sachs predicting it could reach $3,300 by year-end.
Silver Performance and Trading Strategies: Despite silver's strong performance, it has not surpassed its previous high, leading to a widening gold-to-silver ratio that suggests silver may be undervalued. Investors are utilizing ETFs for trading strategies based on this ratio, allowing them to shift between gold and silver without the need for physical storage.
Analyst Views on SLV
Wall Street analysts forecast SLV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
